Citigroup Initiates Coverage on Solaris Oilfield Infrastructure (NYSE:SOI)

Analysts at Citigroup assumed coverage on shares of Solaris Oilfield Infrastructure (NYSE:SOI) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $15.00 price target on the stock. Citigroup‘s price objective would suggest a potential upside of 16.10% from the stock’s current price.

A number of other brokerages have also recently commented on SOI. B. Riley set a $26.00 price target on Abercrombie & Fitch and gave the company a “hold” rating in a research report on Wednesday, June 5th. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. TheStreet cut Weibo from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. Cowen reaffirmed a “hold” rating on shares of PTC Therapeutics in a research report on Thursday, May 2nd. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.61.

Shares of NYSE:SOI opened at $12.92 on Tuesday. The company has a market cap of $638.62 million, a P/E ratio of 7.64 and a beta of 1.78. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.47 and a quick ratio of 2.08. The company has a fifty day simple moving average of $14.70. Solaris Oilfield Infrastructure has a 1 year low of $10.50 and a 1 year high of $19.31.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Solaris Oilfield Infrastructure had a return on equity of 29.34% and a net margin of 22.57%. The firm had revenue of $55.12 million during the quarter, compared to the consensus estimate of $54.31 million. During the same quarter in the prior year, the company earned $0.31 EPS. The business’s revenue for the quarter was up 53.0% on a year-over-year basis. On average, sell-side analysts forecast that Solaris Oilfield Infrastructure will post 1.91 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in Solaris Oilfield Infrastructure by 107.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,257 shares of the company’s stock worth $37,000 after purchasing an additional 1,171 shares in the last quarter. Advisor Group Inc. lifted its holdings in Solaris Oilfield Infrastructure by 16.5% during the 4th quarter. Advisor Group Inc. now owns 6,761 shares of the company’s stock worth $81,000 after purchasing an additional 959 shares in the last quarter. Bank of Montreal Can lifted its holdings in Solaris Oilfield Infrastructure by 36.6% during the 1st quarter. Bank of Montreal Can now owns 5,118 shares of the company’s stock worth $84,000 after purchasing an additional 1,371 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Solaris Oilfield Infrastructure by 186,066.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,585 shares of the company’s stock worth $92,000 after purchasing an additional 5,582 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in Solaris Oilfield Infrastructure by 349.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,259 shares of the company’s stock worth $112,000 after purchasing an additional 7,197 shares in the last quarter. 63.28% of the stock is currently owned by institutional investors and hedge funds.

Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc manufactures and rents mobile proppant and chemical management systems to unload, store, and deliver proppant and chemicals at oil and natural gas well sites in the United States. Its systems to transfer large quantities of proppant and chemicals to the well sites.

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Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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