Solaris Energy Infrastructure (NASDAQ:SEI) Given New $23.00 Price Target at Stifel Nicolaus

Solaris Energy Infrastructure (NASDAQ:SEI) had its target price boosted by stock analysts at Stifel Nicolaus from $15.00 to $23.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 39.39% from the company’s current price.

Separately, Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday.

Solaris Energy Infrastructure Trading Down 0.1 %

SEI opened at $16.50 on Wednesday. Solaris Energy Infrastructure has a 52-week low of $6.59 and a 52-week high of $16.90. The company has a market cap of $726 million, a price-to-earnings ratio of 37.50 and a beta of 1.22. The company has a quick ratio of 1.10, a current ratio of 1.25 and a debt-to-equity ratio of 0.22.

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

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.