Solaris Oilfield Infrastructure (NYSE:SOI) Issues Quarterly Earnings Results

Solaris Oilfield Infrastructure (NYSE:SOI) released its quarterly earnings data on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03, reports. The business had revenue of $67.89 million during the quarter, compared to analysts’ expectations of $63.55 million. Solaris Oilfield Infrastructure had a net margin of 7.58% and a return on equity of 10.80%.

Solaris Oilfield Infrastructure Trading Up 13.9 %

Shares of SOI opened at $9.64 on Friday. Solaris Oilfield Infrastructure has a 1-year low of $6.59 and a 1-year high of $11.32. The company has a current ratio of 1.80, a quick ratio of 1.63 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $8.47 and its 200-day moving average price is $8.40. The firm has a market capitalization of $414.40 million, a price-to-earnings ratio of 14.17 and a beta of 1.29.

Solaris Oilfield Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, June 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.98%. Solaris Oilfield Infrastructure’s dividend payout ratio is presently 70.59%.

Analyst Upgrades and Downgrades

SOI has been the topic of several recent research reports. TheStreet lowered Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Stifel Nicolaus decreased their price target on shares of Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd.

Insider Buying and Selling

In other Solaris Oilfield Infrastructure news, insider Christopher M. Powell sold 17,500 shares of Solaris Oilfield Infrastructure stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $8.50, for a total transaction of $148,750.00. Following the sale, the insider now directly owns 130,202 shares of the company’s stock, valued at approximately $1,106,717. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 34.71% of the stock is owned by insiders.

Hedge Funds Weigh In On Solaris Oilfield Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in SOI. Assenagon Asset Management S.A. purchased a new stake in Solaris Oilfield Infrastructure in the fourth quarter worth about $1,520,000. GSA Capital Partners LLP grew its stake in shares of Solaris Oilfield Infrastructure by 83.1% in the 3rd quarter. GSA Capital Partners LLP now owns 82,319 shares of the company’s stock worth $878,000 after buying an additional 37,362 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Solaris Oilfield Infrastructure in the third quarter worth $341,000. Barclays PLC raised its position in shares of Solaris Oilfield Infrastructure by 11.7% in the 3rd quarter. Barclays PLC now owns 41,059 shares of the company’s stock worth $437,000 after purchasing an additional 4,293 shares during the last quarter. Finally, Strs Ohio raised its holdings in Solaris Oilfield Infrastructure by 36.5% in the third quarter. Strs Ohio now owns 51,600 shares of the company’s stock worth $550,000 after buying an additional 13,800 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Oilfield Infrastructure Company Profile

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.