Tudor, Pickering, Holt & Co. Initiates Coverage on Solaris Energy Infrastructure (NASDAQ:SEI)

Investment analysts at Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI) in a research report issued on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $41.00 price target on the stock. Tudor, Pickering, Holt & Co.’s target price suggests a potential upside of 21.55% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Stifel Nicolaus reissued a “buy” rating and set a $30.00 price objective (up from $23.00) on shares of Solaris Energy Infrastructure in a research note on Thursday, December 5th.

Solaris Energy Infrastructure Trading Down 2.4 %

SEI stock opened at $33.73 on Wednesday. The firm’s 50 day moving average is $27.15. The firm has a market cap of $2.26 billion, a P/E ratio of 76.66 and a beta of 1.38. 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 $35.61.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. The firm had revenue of $75.02 million for the quarter, compared to analyst estimates of $76.50 million. During the same period in the prior year, the firm posted $0.19 earnings per share. Sell-side analysts forecast that Solaris Energy Infrastructure will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director James R. Burke sold 8,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $16.72, for a total value of $133,760.00. Following the completion of the sale, the director now directly owns 16,277 shares of the company’s stock, valued at approximately $272,151.44. The trade was a 32.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 34.71% of the stock is owned by insiders.

Solaris Energy Infrastructure Company Profile

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.