Solaris Energy Infrastructure (NASDAQ:SEI) Shares Up 16.3% After Analyst Upgrade

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) were up 16.3% during mid-day trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $15.00 to $23.00. Stifel Nicolaus currently has a buy rating on the stock. Solaris Energy Infrastructure traded as high as $16.33 and last traded at $16.31. Approximately 359,660 shares changed hands during trading, a decline of 3% from the average daily volume of 370,201 shares. The stock had previously closed at $14.02.

Separately, Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday.

Solaris Energy Infrastructure Trading Up 16.3 %

The company has a market cap of $717.64 million, a price-to-earnings ratio of 36.75 and a beta of 1.22. The company has a current ratio of 1.25, a quick ratio of 1.10 and a debt-to-equity ratio of 0.22.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its earnings results on Thursday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $73.89 million for the quarter, compared to analysts’ expectations of $70.00 million. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 7.62%. On average, equities research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.52 EPS for the current fiscal year.

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.