Solaris Energy Infrastructure (NYSE:SEI) Shares Down 9.3% – Should You Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s share price dropped 9.3% during trading on Monday . The stock traded as low as $51.66 and last traded at $52.46. Approximately 1,792,891 shares traded hands during trading, a decline of 37% from the average daily volume of 2,864,279 shares. The stock had previously closed at $57.83.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SEI. Glj Research began coverage on Solaris Energy Infrastructure in a report on Thursday, March 5th. They set a “buy” rating and a $60.00 price objective for the company. Barclays upped their target price on Solaris Energy Infrastructure from $63.00 to $74.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 17th. Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Wells Fargo & Company initiated coverage on Solaris Energy Infrastructure in a research note on Friday, March 20th. They issued an “equal weight” rating and a $71.00 price target for the company. Finally, Morgan Stanley initiated coverage on Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $59.36.

Solaris Energy Infrastructure Stock Performance

The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 74.21 and a beta of 1.13. The firm’s 50 day moving average is $54.49 and its 200-day moving average is $49.63. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.87 and a current ratio of 2.96.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. The firm had revenue of $179.70 million for the quarter. Sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SEI. Signaturefd LLC boosted its position in Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at approximately $28,000. Strs Ohio bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Solaris Energy Infrastructure in the third quarter worth $31,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after buying an additional 795 shares during the period. 67.44% of the stock is owned by institutional investors.

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.