Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Receives Average Rating of “Buy” from Analysts

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $45.75.

A number of equities analysts have weighed in on SEI shares. Piper Sandler assumed coverage on Solaris Energy Infrastructure in a report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price target for the company. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target on the stock. Janney Montgomery Scott initiated coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They set a “buy” rating and a $57.00 target price for the company. Finally, Stifel Nicolaus boosted their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, February 24th.

Insider Buying and Selling

In other news, Director Laurie H. Argo acquired 4,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the purchase, the director now directly owns 46,064 shares of the company’s stock, valued at $1,033,215.52. This trade represents a 9.51 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 34.71% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

A hedge fund recently bought a new stake in Solaris Energy Infrastructure stock. California State Teachers Retirement System purchased a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,822 shares of the company’s stock, valued at approximately $52,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $22.76 on Friday. Solaris Energy Infrastructure has a 12 month low of $10.96 and a 12 month high of $39.03. The stock’s 50-day moving average is $27.42. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The firm has a market capitalization of $1.53 billion, a PE ratio of 51.74 and a beta of 1.32.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 2.11%. Solaris Energy Infrastructure’s payout ratio is 97.96%.

About Solaris Energy Infrastructure

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.