Solaris Oilfield Infrastructure (NYSE:SOI) Stock Price Up 7.1%

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) shares rose 7.1% during mid-day trading on Tuesday . The company traded as high as $13.11 and last traded at $13.09. Approximately 382,466 shares were traded during trading, a decline of 1% from the average daily volume of 385,453 shares. The stock had previously closed at $12.22.

Solaris Oilfield Infrastructure Trading Up 7.2 %

The firm has a market capitalization of $584.15 million, a price-to-earnings ratio of 19.51 and a beta of 1.22. The business’s 50-day moving average price is $9.51 and its 200 day moving average price is $8.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.78 and a quick ratio of 1.58.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $67.89 million for the quarter, compared to analyst estimates of $63.55 million. Solaris Oilfield Infrastructure had a net margin of 7.58% and a return on equity of 10.82%. On average, equities analysts forecast that Solaris Oilfield Infrastructure, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in Solaris Oilfield Infrastructure by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,686 shares of the company’s stock worth $301,000 after purchasing an additional 1,319 shares during the last quarter. First Hawaiian Bank raised its holdings in Solaris Oilfield Infrastructure by 14.1% in the first quarter. First Hawaiian Bank now owns 11,949 shares of the company’s stock valued at $104,000 after acquiring an additional 1,480 shares in the last quarter. Summit Global Investments raised its holdings in Solaris Oilfield Infrastructure by 21.1% in the fourth quarter. Summit Global Investments now owns 23,000 shares of the company’s stock valued at $183,000 after acquiring an additional 4,000 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Solaris Oilfield Infrastructure by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 633,890 shares of the company’s stock worth $5,046,000 after purchasing an additional 4,120 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Solaris Oilfield Infrastructure by 40.6% during the 4th quarter. SG Americas Securities LLC now owns 17,563 shares of the company’s stock worth $140,000 after buying an additional 5,074 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

About Solaris Oilfield Infrastructure

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.