Solaris Oilfield Infrastructure Inc (NYSE:SOI) has been given an average rating of “Buy” by the ten analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $20.07.
A number of research analysts have recently commented on the company. B. Riley assumed coverage on Solaris Oilfield Infrastructure in a research note on Wednesday, March 13th. They issued a “buy” rating and a $21.00 price target for the company. Goldman Sachs Group assumed coverage on Solaris Oilfield Infrastructure in a research note on Sunday, March 10th. They issued a “neutral” rating and a $20.00 price target for the company. Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Cowen set a $21.00 price target on Solaris Oilfield Infrastructure and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Johnson Rice set a $24.00 target price on Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research report on Thursday, February 28th.
In other Solaris Oilfield Infrastructure news, Director James R. Burke sold 8,809 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $16.76, for a total transaction of $147,638.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Yorktown Energy Partners X, L. sold 2,000,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $15.58, for a total value of $31,160,000.00. The disclosure for this sale can be found here. 14.18% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in Solaris Oilfield Infrastructure by 15.4% during the 4th quarter. Geode Capital Management LLC now owns 279,376 shares of the company’s stock worth $3,377,000 after acquiring an additional 37,383 shares during the period. Dimensional Fund Advisors LP grew its holdings in Solaris Oilfield Infrastructure by 22.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 763,258 shares of the company’s stock worth $9,228,000 after acquiring an additional 137,659 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Solaris Oilfield Infrastructure during the 4th quarter worth about $5,912,000. Metropolitan Life Insurance Co. NY grew its holdings in Solaris Oilfield Infrastructure by 349.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,259 shares of the company’s stock worth $112,000 after acquiring an additional 7,197 shares during the period. Finally, GeoSphere Capital Management LLC acquired a new stake in Solaris Oilfield Infrastructure during the 4th quarter worth about $967,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.
Shares of SOI opened at $18.83 on Friday. Solaris Oilfield Infrastructure has a 52 week low of $10.50 and a 52 week high of $20.18. The firm has a market capitalization of $859.13 million, a PE ratio of 11.14 and a beta of 1.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.29 and a quick ratio of 1.99.
Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings results on Wednesday, February 27th. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. Solaris Oilfield Infrastructure had a return on equity of 28.87% and a net margin of 21.52%. The company had revenue of $57.34 million during the quarter, compared to analysts’ expectations of $53.47 million. During the same period in the prior year, the company earned $0.20 EPS. Solaris Oilfield Infrastructure’s revenue was up 127.5% compared to the same quarter last year. As a group, analysts expect that Solaris Oilfield Infrastructure will post 1.93 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 22nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, March 21st. Solaris Oilfield Infrastructure’s dividend payout ratio is currently 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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