Shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) have earned a consensus rating of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $17.80.
Several analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $16.00 target price (up from $15.00) on shares of Solaris Oilfield Infrastructure in a report on Thursday, August 10th. Piper Jaffray Companies reissued a “buy” rating and issued a $15.50 target price on shares of Solaris Oilfield Infrastructure in a report on Thursday, August 3rd. Imperial Capital assumed coverage on Solaris Oilfield Infrastructure in a report on Friday, August 18th. They issued an “outperform” rating and a $17.00 target price for the company. Zacks Investment Research raised Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, September 29th. Finally, Raymond James Financial, Inc. downgraded Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 11th.
Shares of Solaris Oilfield Infrastructure (SOI) opened at $15.96 on Friday. The company has a quick ratio of 13.20, a current ratio of 13.89 and a debt-to-equity ratio of 0.06.
Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Thursday, November 2nd. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $18.50 million during the quarter, compared to analyst estimates of $17.14 million. The firm’s quarterly revenue was down 99.6% compared to the same quarter last year. research analysts forecast that Solaris Oilfield Infrastructure will post 0.51 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter valued at about $123,000. Alliancebernstein L.P. acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter valued at about $125,000. Parametric Portfolio Associates LLC acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter valued at about $125,000. Strs Ohio increased its position in Solaris Oilfield Infrastructure by 503.4% in the 3rd quarter. Strs Ohio now owns 17,500 shares of the company’s stock valued at $305,000 after acquiring an additional 14,600 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter valued at about $173,000. Hedge funds and other institutional investors own 58.17% of the company’s stock.
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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