AJ Teague, a director at Solaris Energy Infrastructure (SEI), recently bought 4,000 shares. The buy increased his position by 4%, and came to a total cost of $96,400.
Teague was a buyer back in February, also buying 4,000 shares at a price of $128,970. Other company directors have been buyers this year, as has the company CEO, who picked up over $500,000 in shares across two transactions back in March.
In total, Solaris Energy Infrastructure insiders own 6.6% of shares.
The oilfield energy provider has jumped nearly 120% over the past year, far outperforming the overall stock market and the energy sector.
That’s thanks to the company’s strong operational performance, with revenues up 52%, and earnings growth of 45%. However, shares are a bit pricey at 40 times current earnings, and Solaris only earns a modest 5% profit margin.
Solaris shares have been up even more over the past year, but have pulled back substantially with the overall market in recent weeks.
Action to take: Solaris appears to have put in a short-term bottom under $20, and could be on track to regain its momentum and move closer to $30 in the months ahead. Momentum and growth investors may like shares here.
For traders, the August $25 calls, last trading for about $2.10, could see mid-double-digit returns on a sustained rally into the summer.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any company mentioned in this article.