Solaris Oilfield Infrastructure Inc (NYSE:SOI) announced a special dividend on Friday, December 7th, Wall Street Journal reports. Stockholders of record on Monday, December 17th will be paid a dividend of 0.10 per share on Thursday, December 27th. The ex-dividend date is Friday, December 14th.
SOI opened at $12.37 on Friday. Solaris Oilfield Infrastructure has a 12 month low of $12.28 and a 12 month high of $23.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.02 and a current ratio of 2.40. The company has a market capitalization of $585.64 million, a P/E ratio of 8.65 and a beta of 1.95.
Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Wednesday, October 31st. The company reported $0.51 EPS 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 for the quarter, compared to analysts’ expectations of $56.23 million. During the same period last year, the firm earned $0.12 EPS. The firm’s revenue was up 206.5% compared to the same quarter last year. As a group, research analysts expect that Solaris Oilfield Infrastructure will post 1.69 earnings per share for the current fiscal year.
In other Solaris Oilfield Infrastructure news, Director James R. Burke sold 7,170 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $16.67, for a total transaction of $119,523.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 14.44% of the company’s stock.
SOI has been the topic of several analyst reports. Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Thursday, August 30th. Stifel Nicolaus initiated coverage on Solaris Oilfield Infrastructure in a research report on Monday, September 10th. They issued a “buy” rating and a $20.00 target price on the stock. ValuEngine cut Solaris Oilfield Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Monday, November 12th. Finally, Piper Jaffray Companies set a $22.00 price target on Solaris Oilfield Infrastructure and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $22.60.
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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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