Solaris Oilfield Infrastructure (NYSE:SOI) issued its earnings results on Wednesday. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02, Briefing.com reports. The business had revenue of $56.70 million for the quarter, compared to the consensus estimate of $56.23 million. Solaris Oilfield Infrastructure had a net margin of 15.78% and a return on equity of 18.91%. The company’s revenue for the quarter was up 206.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS.
Shares of SOI stock opened at $14.95 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 2.26. The stock has a market capitalization of $624.68 million, a price-to-earnings ratio of 31.14 and a beta of 0.23. Solaris Oilfield Infrastructure has a one year low of $12.88 and a one year high of $23.98.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Seaport Global Securities restated a “buy” rating on shares of Solaris Oilfield Infrastructure in a research note on Monday, August 6th. ValuEngine downgraded shares of Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Piper Jaffray Companies set a $22.00 target price on shares of Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Finally, Stifel Nicolaus assumed coverage on shares of Solaris Oilfield Infrastructure in a research note on Monday, September 10th. They issued a “buy” rating and a $20.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. Solaris Oilfield Infrastructure currently has a consensus rating of “Buy” and an average target price of $22.17.
In other Solaris Oilfield Infrastructure news, Director James R. Burke sold 7,170 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $16.67, for a total value of $119,523.90. The sale was disclosed in a filing with the SEC, which is available through this link. 14.44% of the stock is owned by corporate insiders.
About Solaris Oilfield Infrastructure
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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