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

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

Several other research firms have also recently weighed in on SEI. Stifel Nicolaus lifted their price target on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a “buy” rating in a report on Friday. Tudor, Pickering, Holt & Co. initiated coverage on Solaris Energy Infrastructure in a research report on Wednesday. They set a “buy” rating and a $41.00 price objective for the company. Finally, 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.

Solaris Energy Infrastructure Stock Up 4.6 %

Shares of Solaris Energy Infrastructure stock opened at $35.16 on Wednesday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 79.91 and a beta of 1.38. The stock has a fifty day moving average price of $27.46. 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 has a 12-month low of $7.15 and a 12-month high of $36.52.

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

Insider Activity at Solaris Energy Infrastructure

In related news, Director James R. Burke sold 8,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $16.72, for a total transaction of $133,760.00. Following the completion of the sale, the director now owns 16,277 shares in the company, valued at approximately $272,151.44. This trade represents a 32.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 34.71% of the stock is 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.