Solaris Oilfield Infrastructure Inc (NYSE:SOI) – Analysts at Oppenheimer dropped their Q1 2018 earnings per share estimates for Solaris Oilfield Infrastructure in a research note issued to investors on Friday. Oppenheimer analyst S. Schneeberger now forecasts that the company will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.25. Oppenheimer has a “Buy” rating and a $20.00 price objective on the stock. Oppenheimer also issued estimates for Solaris Oilfield Infrastructure’s Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $1.37 EPS and FY2019 earnings at $1.87 EPS.
A number of other brokerages also recently commented on SOI. Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Thursday, January 11th. Citigroup lifted their price objective on Solaris Oilfield Infrastructure to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Piper Jaffray Companies set a $24.00 price objective on Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research report on Monday, December 25th. Imperial Capital lifted their price objective on Solaris Oilfield Infrastructure to $23.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Finally, Raymond James Financial downgraded Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $19.79.
Shares of Solaris Oilfield Infrastructure (SOI) traded up $0.92 during trading on Monday, reaching $20.90. The company had a trading volume of 187,521 shares, compared to its average volume of 519,920. Solaris Oilfield Infrastructure has a 52-week low of $9.90 and a 52-week high of $23.98. The stock has a market capitalization of $935.51 and a P/E ratio of 95.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.78 and a current ratio of 7.44.
Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Solaris Oilfield Infrastructure had a return on equity of 10.16% and a net margin of 18.84%. The company had revenue of $18.50 million for the quarter, compared to analysts’ expectations of $17.14 million. The company’s revenue for the quarter was down 99.6% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of Solaris Oilfield Infrastructure in the third quarter valued at $748,000. Ashburton Jersey Ltd acquired a new position in Solaris Oilfield Infrastructure during the 3rd quarter worth $789,000. Dynamic Technology Lab Private Ltd acquired a new position in Solaris Oilfield Infrastructure during the 3rd quarter worth $187,000. ClariVest Asset Management LLC acquired a new position in Solaris Oilfield Infrastructure during the 3rd quarter worth $146,000. Finally, Sei Investments Co. acquired a new position in Solaris Oilfield Infrastructure during the 3rd quarter worth $152,000. 56.36% of the stock is owned by institutional investors and hedge funds.
In other news, Director W Howard Keenan, Jr. sold 2,660,201 shares of Solaris Oilfield Infrastructure stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total value of $40,009,423.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cynthia M. Durrett sold 21,219 shares of Solaris Oilfield Infrastructure stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $21.65, for a total value of $459,391.35. The disclosure for this sale can be found here. Insiders sold 5,985,914 shares of company stock valued at $103,644,667 over the last ninety days.
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About Solaris Oilfield Infrastructure
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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