FY2019 EPS Estimates for Solaris Oilfield Infrastructure Inc (SOI) Lowered by Analyst

Solaris Oilfield Infrastructure Inc (NYSE:SOI) – Research analysts at Piper Jaffray Companies lowered their FY2019 EPS estimates for shares of Solaris Oilfield Infrastructure in a report released on Thursday, April 11th. Piper Jaffray Companies analyst J. Watson now expects that the company will post earnings per share of $1.74 for the year, down from their prior forecast of $1.75. Piper Jaffray Companies currently has a “Buy” rating and a $17.50 price target on the stock. Piper Jaffray Companies also issued estimates for Solaris Oilfield Infrastructure’s Q4 2019 earnings at $0.45 EPS, Q3 2020 earnings at $0.50 EPS and Q4 2020 earnings at $0.50 EPS.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Wednesday, February 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Solaris Oilfield Infrastructure had a net margin of 21.52% and a return on equity of 28.87%. The firm had revenue of $57.34 million during the quarter, compared to the consensus estimate of $53.47 million. During the same period in the previous year, the firm earned $0.20 earnings per share. Solaris Oilfield Infrastructure’s revenue was up 127.5% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on the stock. B. Riley assumed coverage on shares of Solaris Oilfield Infrastructure in a report on Wednesday, March 13th. They issued a “buy” rating and a $21.00 target price for the company. Goldman Sachs Group assumed coverage on shares of Solaris Oilfield Infrastructure in a report on Sunday, March 10th. They issued a “neutral” rating and a $20.00 target price for the company. Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Cowen set a $21.00 target price on shares of Solaris Oilfield Infrastructure and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Johnson Rice set a $24.00 target price on shares of Solaris Oilfield Infrastructure and gave the company a “buy” rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $19.94.

Solaris Oilfield Infrastructure stock opened at $18.25 on Friday. Solaris Oilfield Infrastructure has a 1 year low of $10.50 and a 1 year high of $20.18. The company has a market capitalization of $832.79 million, a P/E ratio of 10.80 and a beta of 1.84. The company has a quick ratio of 1.99, a current ratio of 2.29 and a debt-to-equity ratio of 0.23.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Solaris Oilfield Infrastructure by 15.4% during the fourth quarter. Geode Capital Management LLC now owns 279,376 shares of the company’s stock worth $3,377,000 after purchasing an additional 37,383 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Solaris Oilfield Infrastructure by 22.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 763,258 shares of the company’s stock worth $9,228,000 after purchasing an additional 137,659 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Solaris Oilfield Infrastructure during the fourth quarter worth $5,912,000. Metropolitan Life Insurance Co. NY lifted its position in shares of Solaris Oilfield Infrastructure by 349.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,259 shares of the company’s stock worth $112,000 after purchasing an additional 7,197 shares in the last quarter. Finally, GeoSphere Capital Management LLC acquired a new position in shares of Solaris Oilfield Infrastructure during the fourth quarter worth $967,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Yorktown Energy Partners X, L. sold 2,000,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $15.58, for a total transaction of $31,160,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James R. Burke sold 8,809 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $16.76, for a total transaction of $147,638.84. The disclosure for this sale can be found here. Insiders own 14.44% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 22nd were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is 23.67%.

Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc manufactures and rents mobile proppant and chemical management systems to unload, store, and deliver proppant and chemicals at oil and natural gas well sites in the United States. Its systems to transfer large quantities of proppant and chemicals to the well sites.

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Earnings History and Estimates for Solaris Oilfield Infrastructure (NYSE:SOI)

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