Solaris Oilfield Infrastructure Inc (SOI) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Solaris Oilfield Infrastructure Inc (NYSE:SOI) have been given an average rating of “Buy” by the nine ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $22.00.

Several equities analysts have recently issued reports on SOI shares. Stifel Nicolaus started coverage on shares of Solaris Oilfield Infrastructure in a research note on Monday, September 10th. They set a “buy” rating and a $20.00 price target for the company. Seaport Global Securities reaffirmed a “buy” rating on shares of Solaris Oilfield Infrastructure in a research note on Monday, August 6th. Zacks Investment Research raised shares of Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Wednesday, August 15th. Finally, ValuEngine raised shares of Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Monday.

In related news, Director James R. Burke sold 7,170 shares of Solaris Oilfield Infrastructure stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $16.67, for a total transaction of $119,523.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 14.44% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC raised its stake in Solaris Oilfield Infrastructure by 25.7% during the first quarter. Cubist Systematic Strategies LLC now owns 17,853 shares of the company’s stock worth $296,000 after buying an additional 3,645 shares during the last quarter. Rhumbline Advisers raised its stake in Solaris Oilfield Infrastructure by 31.5% during the first quarter. Rhumbline Advisers now owns 15,538 shares of the company’s stock worth $257,000 after buying an additional 3,725 shares during the last quarter. Violich Capital Management Inc. raised its stake in Solaris Oilfield Infrastructure by 36.4% during the second quarter. Violich Capital Management Inc. now owns 14,530 shares of the company’s stock worth $208,000 after buying an additional 3,880 shares during the last quarter. Barclays PLC raised its stake in Solaris Oilfield Infrastructure by 14.8% during the first quarter. Barclays PLC now owns 31,547 shares of the company’s stock worth $523,000 after buying an additional 4,065 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Solaris Oilfield Infrastructure by 15.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 40,665 shares of the company’s stock worth $674,000 after buying an additional 5,300 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

SOI stock opened at $18.96 on Wednesday. The firm has a market cap of $813.78 million, a PE ratio of 39.50 and a beta of 0.28. Solaris Oilfield Infrastructure has a 52-week low of $12.97 and a 52-week high of $23.98. The company has a quick ratio of 1.94, a current ratio of 2.26 and a debt-to-equity ratio of 0.20.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $47.20 million during the quarter, compared to the consensus estimate of $44.85 million. Solaris Oilfield Infrastructure had a net margin of 15.78% and a return on equity of 18.91%. The company’s revenue for the quarter was up 252.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 earnings per share. research analysts predict that Solaris Oilfield Infrastructure will post 1.79 EPS for the current year.

About Solaris Oilfield Infrastructure

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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