Solaris Oilfield Infrastructure Inc (NYSE:SOI) has received an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $19.35.
SOI has been the topic of several analyst reports. Cowen reissued an “outperform” rating and issued a $18.00 target price (down from $21.00) on shares of Solaris Oilfield Infrastructure in a report on Thursday, August 1st. Citigroup initiated coverage on Solaris Oilfield Infrastructure in a report on Tuesday, July 16th. They issued a “neutral” rating and a $15.00 target price on the stock. Zacks Investment Research downgraded Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. Wells Fargo & Co dropped their target price on Solaris Oilfield Infrastructure from $19.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Capital One Financial initiated coverage on Solaris Oilfield Infrastructure in a report on Monday. They issued an “overweight” rating and a $18.00 target price on the stock.
Solaris Oilfield Infrastructure stock opened at $13.89 on Wednesday. The company has a current ratio of 2.63, a quick ratio of 2.38 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $13.60 and its two-hundred day simple moving average is $15.43. Solaris Oilfield Infrastructure has a 12 month low of $10.50 and a 12 month high of $19.31. The company has a market capitalization of $649.45 million, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.00 and a beta of 1.78.
Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Tuesday, July 30th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). Solaris Oilfield Infrastructure had a return on equity of 25.82% and a net margin of 22.08%. The company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $58.25 million. During the same period last year, the firm posted $0.42 earnings per share. The company’s revenue was up 35.9% compared to the same quarter last year. On average, equities research analysts predict that Solaris Oilfield Infrastructure will post 1.71 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Wednesday, September 18th. Solaris Oilfield Infrastructure’s payout ratio is currently 23.67%.
In other news, Director James R. Burke sold 5,641 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $13.45, for a total transaction of $75,871.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher M. Powell sold 29,418 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $13.36, for a total value of $393,024.48. The disclosure for this sale can be found here. Corporate insiders own 14.18% of the company’s stock.
Large investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at $57,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at $67,000. Steward Partners Investment Advisory LLC bought a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at $74,000. Bank of Montreal Can lifted its holdings in shares of Solaris Oilfield Infrastructure by 36.6% during the first quarter. Bank of Montreal Can now owns 5,118 shares of the company’s stock valued at $84,000 after purchasing an additional 1,371 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at $84,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.
About Solaris Oilfield Infrastructure
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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