Solaris Oilfield Infrastructure Inc (SOI) Receives $22.40 Average Price Target from Analysts

Solaris Oilfield Infrastructure Inc (NYSE:SOI) has earned a consensus recommendation of “Buy” from the eight analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $21.83.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Solaris Oilfield Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Seaport Global Securities reaffirmed a “buy” rating on shares of Solaris Oilfield Infrastructure in a research note on Monday, August 6th.

In other Solaris Oilfield Infrastructure news, CFO Kyle S. Ramachandran purchased 5,000 shares of Solaris Oilfield Infrastructure stock in a transaction on Tuesday, May 22nd. The shares were bought at an average price of $16.17 per share, with a total value of $80,850.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William A. Zartler purchased 6,000 shares of Solaris Oilfield Infrastructure stock in a transaction on Tuesday, May 22nd. The shares were acquired at an average cost of $16.17 per share, for a total transaction of $97,020.00. The disclosure for this purchase can be found here. Corporate insiders own 14.44% of the company’s stock.



Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. increased its holdings in shares of Solaris Oilfield Infrastructure by 0.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,095,608 shares of the company’s stock worth $18,143,000 after buying an additional 3,366 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Solaris Oilfield Infrastructure by 25.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 17,853 shares of the company’s stock valued at $296,000 after purchasing an additional 3,645 shares in the last quarter. Rhumbline Advisers increased its holdings in Solaris Oilfield Infrastructure by 31.5% in the 1st quarter. Rhumbline Advisers now owns 15,538 shares of the company’s stock valued at $257,000 after purchasing an additional 3,725 shares in the last quarter. Violich Capital Management Inc. increased its holdings in Solaris Oilfield Infrastructure by 36.4% in the 2nd quarter. Violich Capital Management Inc. now owns 14,530 shares of the company’s stock valued at $208,000 after purchasing an additional 3,880 shares in the last quarter. Finally, Barclays PLC increased its holdings in Solaris Oilfield Infrastructure by 14.8% in the 1st quarter. Barclays PLC now owns 31,547 shares of the company’s stock valued at $523,000 after purchasing an additional 4,065 shares in the last quarter. 72.78% of the stock is currently owned by institutional investors.

SOI stock traded up $0.35 on Tuesday, reaching $17.57. The company had a trading volume of 408,255 shares, compared to its average volume of 604,305. Solaris Oilfield Infrastructure has a 1 year low of $11.80 and a 1 year high of $23.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 2.26. The firm has a market cap of $810.01 million, a P/E ratio of 16.40 and a beta of 0.15.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Thursday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Solaris Oilfield Infrastructure had a return on equity of 18.91% and a net margin of 15.78%. The firm had revenue of $47.20 million for the quarter, compared to analyst estimates of $44.85 million. During the same quarter in the prior year, the company earned $0.01 EPS. Solaris Oilfield Infrastructure’s revenue was up 252.2% on a year-over-year basis. research analysts predict that Solaris Oilfield Infrastructure will post 1.78 earnings per share for the current year.

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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Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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