Stifel Nicolaus Lowers Solaris Energy Infrastructure (NASDAQ:SEI) Price Target to $41.00

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) had its price objective cut by Stifel Nicolaus from $45.00 to $41.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would suggest a potential upside of 40.66% from the stock's current price.

A number of other analysts have also commented on SEI. Raymond James Financial began coverage on shares of Solaris Energy Infrastructure in a report on Friday, June 13th. They set an "outperform" rating and a $39.00 target price for the company. Piper Sandler upped their target price on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Barclays initiated coverage on shares of Solaris Energy Infrastructure in a research report on Friday, June 6th. They set an "overweight" rating and a $42.00 price target on the stock. Vertical Research started coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price target on the stock. Finally, Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $41.78.

Solaris Energy Infrastructure Price Performance

SEI traded up $0.14 during midday trading on Wednesday, reaching $29.15. 1,030,379 shares of the company's stock were exchanged, compared to its average volume of 1,115,017. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 66.25 and a beta of 1.09. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. Solaris Energy Infrastructure has a one year low of $10.96 and a one year high of $39.03. The business has a 50-day simple moving average of $27.89 and a two-hundred day simple moving average of $26.11.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Aj Teague purchased 1,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $26.77 per share, with a total value of $26,770.00. Following the completion of the purchase, the director owned 98,459 shares of the company's stock, valued at approximately $2,635,747.43. The trade was a 1.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William A. Zartler purchased 10,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average cost of $21.78 per share, with a total value of $217,800.00. Following the purchase, the chief executive officer directly owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. The trade was a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 12,000 shares of company stock valued at $267,150 in the last ninety days. Insiders own 21.20% of the company's stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of hedge funds have recently bought and sold shares of the company. Ballentine Partners LLC raised its stake in Solaris Energy Infrastructure by 6.0% during the second quarter. Ballentine Partners LLC now owns 10,210 shares of the company's stock worth $289,000 after buying an additional 575 shares during the last quarter. Congress Asset Management Co. increased its stake in Solaris Energy Infrastructure by 0.4% in the second quarter. Congress Asset Management Co. now owns 202,041 shares of the company's stock valued at $5,716,000 after purchasing an additional 786 shares in the last quarter. Strs Ohio bought a new stake in Solaris Energy Infrastructure in the first quarter valued at $28,000. Wayfinding Financial LLC bought a new stake in Solaris Energy Infrastructure in the first quarter valued at $29,000. Finally, US Bancorp DE bought a new stake in Solaris Energy Infrastructure in the first quarter valued at $38,000. Institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.