Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) had its price target decreased by analysts at Stifel Nicolaus from $45.00 to $41.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 40.70% from the stock's previous close.
Several other research firms also recently issued reports on SEI. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Wednesday, June 25th. Piper Sandler increased their price objective on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Northland Securities began coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price objective on the stock. 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 price objective on the stock. Finally, Vertical Research started coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price objective on the stock. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $41.78.
Read Our Latest Stock Report on SEI
Solaris Energy Infrastructure Stock Performance
NASDAQ SEI traded up $0.13 during mid-day trading on Wednesday, reaching $29.14. 348,328 shares of the stock were exchanged, compared to its average volume of 1,111,877. The business's 50 day moving average is $27.75 and its 200-day moving average is $26.11. Solaris Energy Infrastructure has a 1 year low of $10.96 and a 1 year high of $39.03. The company has a market capitalization of $1.97 billion, a P/E ratio of 66.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.
Insiders Place Their Bets
In other Solaris Energy Infrastructure news, CEO William A. Zartler purchased 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average price of $21.78 per share, for a total transaction of $217,800.00. Following the purchase, the chief executive officer directly owned 1,039,227 shares in the company, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aj Teague purchased 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $26.77 per share, with a total value of $26,770.00. Following the purchase, the director owned 98,459 shares in the company, valued at $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 12,000 shares of company stock valued at $267,150. 21.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On Solaris Energy Infrastructure
A number of large investors have recently made changes to their positions in SEI. Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $28,000. Wayfinding Financial LLC acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $29,000. US Bancorp DE acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $38,000. Nisa Investment Advisors LLC acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $41,000. Finally, Riverview Trust Co acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $47,000. Hedge funds and other institutional investors own 67.44% of the company's stock.
About Solaris Energy Infrastructure
(
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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.
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