Solaris Oilfield Infrastructure (NYSE:SOI) had its price objective increased by Citigroup to $26.00 in a report released on Friday. They currently have an outperform rating on the stock.
A number of other research analysts have also recently issued reports on SOI. Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a hold rating to a buy rating and set a $26.00 price objective for the company in a research note on Thursday. Raymond James Financial cut Solaris Oilfield Infrastructure from an outperform rating to a market perform rating in a research note on Wednesday, October 11th. Oppenheimer reiterated a buy rating and set a $20.00 price objective on shares of Solaris Oilfield Infrastructure in a research note on Monday, November 6th. Piper Jaffray Companies reiterated a buy rating and set a $19.00 price objective on shares of Solaris Oilfield Infrastructure in a research note on Sunday, November 5th. Finally, Imperial Capital lifted their price objective on Solaris Oilfield Infrastructure to $23.00 and gave the company an outperform rating in a research note on Friday, December 15th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $19.79.
Shares of Solaris Oilfield Infrastructure (NYSE:SOI) traded down $0.62 during trading hours on Friday, reaching $21.79. The company’s stock had a trading volume of 626,535 shares, compared to its average volume of 419,196. Solaris Oilfield Infrastructure has a 1-year low of $9.90 and a 1-year high of $23.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.44 and a quick ratio of 6.78.
Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). The company had revenue of $18.50 million for the quarter, compared to analysts’ expectations of $17.14 million. Solaris Oilfield Infrastructure had a net margin of 18.84% and a return on equity of 10.16%. The company’s revenue for the quarter was down 99.6% compared to the same quarter last year. research analysts anticipate that Solaris Oilfield Infrastructure will post 0.56 EPS for the current year.
In related news, insider Cynthia M. Durrett sold 53,873 shares of Solaris Oilfield Infrastructure stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total value of $810,249.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Solaris Energy Capital, Llc sold 1,071,804 shares of Solaris Oilfield Infrastructure stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total value of $16,119,932.16. The disclosure for this sale can be found here. In the last three months, insiders sold 3,925,926 shares of company stock valued at $59,045,927.
Several institutional investors and hedge funds have recently modified their holdings of SOI. New York State Common Retirement Fund bought a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth $123,000. Alliancebernstein L.P. bought a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth $125,000. Parametric Portfolio Associates LLC bought a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth $125,000. ClariVest Asset Management LLC bought a new stake in shares of Solaris Oilfield Infrastructure in the third quarter worth $146,000. Finally, Sei Investments Co. bought a new stake in shares of Solaris Oilfield Infrastructure in the third quarter worth $152,000. 56.36% of the stock is owned by institutional investors.
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Solaris Oilfield Infrastructure Company Profile
Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.
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