Stifel Nicolaus Forecasts Strong Price Appreciation for Solaris Energy Infrastructure (NASDAQ:SEI) Stock

Solaris Energy Infrastructure (NASDAQ:SEI) had its price objective lifted by stock analysts at Stifel Nicolaus from $30.00 to $42.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 19.46% from the company’s current price.

SEI has been the subject of a number of other reports. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a report on Wednesday. They issued a “buy” rating and a $41.00 target price on the stock.

Solaris Energy Infrastructure Price Performance

NASDAQ:SEI opened at $35.16 on Friday. The firm has a market cap of $2.36 billion, a P/E ratio of 79.91 and a beta of 1.38. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. Solaris Energy Infrastructure has a one year low of $7.15 and a one year high of $36.52. The stock’s 50 day simple moving average is $27.79.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued 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 firm 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 last year, the company posted $0.19 EPS. Equities research analysts expect that Solaris Energy Infrastructure will post 0.39 EPS for the current year.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director James R. Burke sold 8,000 shares of the stock in a transaction on Thursday, November 7th. The shares were 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 of the company’s stock, valued at $272,151.44. This represents a 32.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 34.71% of the stock is currently owned by 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.