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

Research analysts at Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI) in a report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $41.00 price target on the stock. Tudor, Pickering, Holt & Co.’s price objective points to a potential upside of 18.88% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on SEI. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 price objective (up previously from $23.00) on shares of Solaris Energy Infrastructure in a research report on Thursday, December 5th. Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th.

Solaris Energy Infrastructure Trading Up 9.5 %

Shares of SEI opened at $34.49 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The company has a market capitalization of $2.31 billion, a PE ratio of 77.14 and a beta of 1.38. The stock’s 50 day simple moving average is $26.81. Solaris Energy Infrastructure has a 12 month low of $7.15 and a 12 month high of $34.03.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The company had revenue of $75.02 million for the quarter, compared to the consensus estimate of $76.50 million. Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. During the same quarter last year, the business earned $0.19 EPS. Equities research analysts predict 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 related news, Director James R. Burke sold 8,000 shares of the 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 34.71% of the company’s stock.

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.