Wall Street brokerages expect Solaris Oilfield Infra (NYSE:SOI) to report $0.38 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Solaris Oilfield Infra’s earnings, with estimates ranging from $0.36 to $0.43. Solaris Oilfield Infra reported earnings per share of $0.41 during the same quarter last year, which would indicate a negative year over year growth rate of 7.3%. The company is scheduled to report its next quarterly earnings report on Monday, August 13th.
According to Zacks, analysts expect that Solaris Oilfield Infra will report full year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.68 to $1.88. For the next year, analysts anticipate that the business will report earnings of $2.62 per share, with EPS estimates ranging from $2.46 to $2.93. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Solaris Oilfield Infra.
Solaris Oilfield Infra (NYSE:SOI) last announced its earnings results on Wednesday, May 9th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $36.02 million during the quarter, compared to analysts’ expectations of $33.06 million. Solaris Oilfield Infra had a return on equity of 13.49% and a net margin of 10.28%. The business’s revenue was up 248.9% compared to the same quarter last year.
SOI has been the subject of a number of recent analyst reports. Piper Jaffray Companies set a $21.00 target price on Solaris Oilfield Infra and gave the stock a “buy” rating in a research report on Tuesday, April 3rd. Zacks Investment Research cut Solaris Oilfield Infra from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Finally, Imperial Capital reissued an “outperform” rating and issued a $26.00 price objective on shares of Solaris Oilfield Infra in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Solaris Oilfield Infra presently has a consensus rating of “Buy” and an average target price of $19.79.
Solaris Oilfield Infra traded up $0.08, reaching $16.28, during trading hours on Friday, MarketBeat Ratings reports. 2,408 shares of the company were exchanged, compared to its average volume of 783,063. The stock has a market capitalization of $767.66 million and a P/E ratio of 33.71. The company has a quick ratio of 2.90, a current ratio of 3.29 and a debt-to-equity ratio of 0.21. Solaris Oilfield Infra has a 12 month low of $9.90 and a 12 month high of $23.98.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of Solaris Oilfield Infra by 0.3% in the first quarter. Victory Capital Management Inc. now owns 1,095,608 shares of the company’s stock valued at $18,143,000 after acquiring an additional 3,366 shares during the period. Cubist Systematic Strategies LLC lifted its position in Solaris Oilfield Infra by 25.7% in the first quarter. Cubist Systematic Strategies LLC now owns 17,853 shares of the company’s stock worth $296,000 after purchasing an additional 3,645 shares during the period. Rhumbline Advisers lifted its position in Solaris Oilfield Infra by 31.5% in the first quarter. Rhumbline Advisers now owns 15,538 shares of the company’s stock worth $257,000 after purchasing an additional 3,725 shares during the period. Barclays PLC lifted its position in Solaris Oilfield Infra by 14.8% in the first quarter. Barclays PLC now owns 31,547 shares of the company’s stock worth $523,000 after purchasing an additional 4,065 shares during the period. Finally, American International Group Inc. lifted its position in Solaris Oilfield Infra by 73.6% in the fourth quarter. American International Group Inc. now owns 11,776 shares of the company’s stock worth $252,000 after purchasing an additional 4,994 shares during the period. 75.22% of the stock is owned by institutional investors.
About Solaris Oilfield Infra
Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.
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