Solaris Energy Infrastructure (NYSE:SEI) Shares Down 15.8% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s stock price dropped 15.8% during mid-day trading on Wednesday . The stock traded as low as $47.63 and last traded at $47.65. Approximately 2,240,650 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 2,550,557 shares. The stock had previously closed at $56.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SEI shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday, December 29th. Zacks Research lowered Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Barclays raised their price target on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. UBS Group set a $65.00 price objective on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Finally, Citigroup increased their price objective on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.10.

Solaris Energy Infrastructure Stock Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28. The stock’s 50-day moving average price is $50.65 and its 200-day moving average price is $43.04. The company has a market cap of $3.29 billion, a P/E ratio of 51.11 and a beta of 1.14.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. The business had revenue of $166.84 million during the quarter, compared to analysts’ expectations of $142.82 million. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. Equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo sold 2,300 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total transaction of $101,775.00. Following the completion of the sale, the director directly owned 50,039 shares in the company, valued at approximately $2,214,225.75. This represents a 4.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cynthia M. Durrett sold 47,011 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total value of $2,097,630.82. Following the sale, the insider directly owned 131,152 shares in the company, valued at approximately $5,852,002.24. This trade represents a 26.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 21.20% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of large investors have recently bought and sold shares of SEI. Royal Bank of Canada bought a new position in Solaris Energy Infrastructure in the 1st quarter valued at about $477,000. AQR Capital Management LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $396,000. Goldman Sachs Group Inc. acquired a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $13,714,000. Finally, Strs Ohio bought a new stake in Solaris Energy Infrastructure during the first quarter worth $28,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.