Tudor Pickering Upgrades Solaris Energy Infrastructure (NASDAQ:SEI) to “Strong-Buy”

Solaris Energy Infrastructure (NASDAQ:SEI) was upgraded by Tudor Pickering to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

SEI has been the topic of several other research reports. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th. Tudor, Pickering, Holt & Co. started coverage on Solaris Energy Infrastructure in a research note on Wednesday. They set a “buy” rating and a $41.00 price target for the company. Finally, Stifel Nicolaus raised their price target on Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a “buy” rating in a report on Friday.

Solaris Energy Infrastructure Stock Up 4.6 %

NASDAQ SEI opened at $35.16 on Wednesday. The stock has a 50-day simple moving average of $27.46. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 79.91 and a beta of 1.38. Solaris Energy Infrastructure has a twelve month low of $7.15 and a twelve month high of $36.52. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 6.66%. The company had revenue of $75.02 million for the quarter, compared to analysts’ expectations of $76.50 million. During the same period last year, the business earned $0.19 earnings per share. Research analysts expect that Solaris Energy Infrastructure will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James R. Burke sold 8,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $16.72, for a total transaction of $133,760.00. Following the sale, the director now owns 16,277 shares in the company, valued at approximately $272,151.44. This represents a 32.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 34.71% of the stock is currently owned by company insiders.

About Solaris Energy Infrastructure

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.