Solaris Oilfield Infrastructure (NYSE:SOI) Trading 6.4% Higher

Solaris Oilfield Infrastructure Inc (NYSE:SOI) traded up 6.4% during trading on Monday . The company traded as high as $15.18 and last traded at $14.78, 750,848 shares traded hands during mid-day trading. An increase of 55% from the average session volume of 485,367 shares. The stock had previously closed at $13.89.

A number of research analysts have commented on the company. TheStreet downgraded Solaris Oilfield Infrastructure from a “b-” rating to a “c” rating in a research note on Friday, May 31st. Imperial Capital restated an “outperform” rating and issued a $22.00 target price (up previously from $20.00) on shares of Solaris Oilfield Infrastructure in a research note on Thursday, August 1st. Citigroup began coverage on Solaris Oilfield Infrastructure in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $15.00 target price on the stock. Zacks Investment Research downgraded Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. Finally, B. Riley set a $23.00 price target on Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $19.35.

The company has a market cap of $649.45 million, a P/E ratio of 8.75, a P/E/G ratio of 1.00 and a beta of 1.78. The firm has a 50 day moving average price of $13.65 and a 200-day moving average price of $15.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.38 and a current ratio of 2.63.



Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $64.10 million for the quarter, compared to the consensus estimate of $58.25 million. Solaris Oilfield Infrastructure had a return on equity of 25.82% and a net margin of 22.08%. The business’s revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. On average, sell-side analysts forecast that Solaris Oilfield Infrastructure Inc will post 1.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $0.40 annualized dividend and a dividend yield of 2.71%. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is presently 23.67%.

In related news, Director James R. Burke sold 5,641 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $13.45, for a total transaction of $75,871.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher M. Powell sold 29,418 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $13.36, for a total value of $393,024.48. The disclosure for this sale can be found here. Corporate insiders own 14.18% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc acquired a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth about $57,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth about $67,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth about $74,000. Bank of Montreal Can lifted its position in shares of Solaris Oilfield Infrastructure by 36.6% during the 1st quarter. Bank of Montreal Can now owns 5,118 shares of the company’s stock worth $84,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth about $84,000. 67.00% of the stock is owned by institutional investors and hedge funds.

About Solaris Oilfield Infrastructure (NYSE:SOI)

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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