Solaris Oilfield Infrastructure Inc (NYSE:SOI) – Equities research analysts at Oppenheimer issued their Q1 2019 EPS estimates for Solaris Oilfield Infrastructure in a research note issued on Sunday, November 4th. Oppenheimer analyst S. Schneeberger anticipates that the company will earn $0.54 per share for the quarter. Oppenheimer also issued estimates for Solaris Oilfield Infrastructure’s Q2 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.60 EPS and FY2020 earnings at $2.55 EPS.
Solaris Oilfield Infrastructure (NYSE:SOI) last announced its earnings results on Wednesday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. Solaris Oilfield Infrastructure had a return on equity of 25.81% and a net margin of 19.18%. The firm had revenue of $56.70 million during the quarter, compared to the consensus estimate of $56.23 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 206.5% compared to the same quarter last year.
A number of other analysts also recently commented on SOI. Zacks Investment Research downgraded Solaris Oilfield Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 17th. Seaport Global Securities reiterated a “buy” rating on shares of Solaris Oilfield Infrastructure in a research report on Monday, August 6th. ValuEngine downgraded Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Stifel Nicolaus started coverage on Solaris Oilfield Infrastructure in a research report on Monday, September 10th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Piper Jaffray Companies set a $22.00 price objective on Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $22.17.
Shares of SOI stock opened at $14.62 on Tuesday. The company has a quick ratio of 2.02, a current ratio of 2.40 and a debt-to-equity ratio of 0.21. Solaris Oilfield Infrastructure has a 12 month low of $12.88 and a 12 month high of $23.98. The company has a market capitalization of $686.30 million, a price-to-earnings ratio of 30.46 and a beta of 1.98.
Institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its position in shares of Solaris Oilfield Infrastructure by 450.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 10,582 shares of the company’s stock worth $151,000 after buying an additional 8,660 shares during the period. Clear Harbor Asset Management LLC bought a new position in shares of Solaris Oilfield Infrastructure during the 3rd quarter worth approximately $152,000. Voya Investment Management LLC bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth approximately $153,000. California Public Employees Retirement System bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth approximately $176,000. Finally, US Bancorp DE lifted its position in shares of Solaris Oilfield Infrastructure by 847.1% during the 2nd quarter. US Bancorp DE now owns 13,875 shares of the company’s stock worth $199,000 after buying an additional 12,410 shares during the period. Institutional investors and hedge funds own 77.29% of the company’s stock.
In other Solaris Oilfield Infrastructure news, Director James R. Burke sold 7,170 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was 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 Securities & Exchange Commission, which is available at this link. 14.44% of the stock is currently owned by company insiders.
Solaris Oilfield Infrastructure Company Profile
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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