Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up - Should You Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $17.45, but opened at $17.94. Solaris Energy Infrastructure shares last traded at $18.26, with a volume of 33,982 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Tudor Pickering upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd. Stifel Nicolaus boosted their target price on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a report on Monday, February 24th. Piper Sandler assumed coverage on Solaris Energy Infrastructure in a report on Thursday, February 20th. They set an "overweight" rating and a $37.00 price target for the company. Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a "buy" rating and a $41.00 price objective on the stock. Finally, Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a report on Tuesday, February 25th. They issued a "buy" rating and a $57.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of "Buy" and an average price target of $45.75.

Solaris Energy Infrastructure Stock Performance

The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 43.24 and a beta of 1.12. The firm has a fifty day moving average of $24.01. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.52%. Solaris Energy Infrastructure's payout ratio is 97.96%.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director Laurie H. Argo acquired 4,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $22.43 per share, with a total value of $89,720.00. Following the purchase, the director now directly owns 46,064 shares in the company, valued at approximately $1,033,215.52. This trade represents a 9.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 21.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure in the fourth quarter worth $52,000. Riverview Trust Co purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth $47,000. GAMMA Investing LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $435,000. Assenagon Asset Management S.A. acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $772,000. Finally, Retirement Planning Group LLC purchased a new position in Solaris Energy Infrastructure in the 1st quarter worth approximately $802,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.