Solaris Energy Infrastructure’s (SEI) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Solaris Energy Infrastructure (NYSE:SEI) in a research report sent to investors on Wednesday,Benzinga reports. Needham & Company LLC currently has a $98.00 price target on the stock.

A number of other research analysts have also commented on SEI. Barclays upped their price target on Solaris Energy Infrastructure from $86.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings cut shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Wells Fargo & Company upgraded shares of Solaris Energy Infrastructure from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $82.00 to $73.00 in a report on Monday, August 3rd. Finally, Stifel Nicolaus set a $98.00 price target on shares of Solaris Energy Infrastructure in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.17.

Solaris Energy Infrastructure Stock Up 3.6%

Shares of NYSE:SEI opened at $55.08 on Wednesday. Solaris Energy Infrastructure has a 12-month low of $24.57 and a 12-month high of $86.19. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. The stock’s 50-day moving average price is $59.61 and its 200-day moving average price is $63.43. The stock has a market capitalization of $4.22 billion, a P/E ratio of 64.80 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%.The firm had revenue of $219.40 million during the quarter. On average, equities analysts anticipate that Solaris Energy Infrastructure will post 0.84 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the fourth quarter worth $28,000. Strs Ohio purchased a new position in Solaris Energy Infrastructure in the first quarter worth about $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Solaris Energy Infrastructure in the third quarter worth approximately $31,000. Larson Financial Group LLC grew its holdings in shares of Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after buying an additional 795 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Solaris Energy Infrastructure by 105.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,205 shares of the company’s stock valued at $56,000 after acquiring an additional 619 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Company Profile

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.