Capital One Financial Research Analysts Boost Earnings Estimates for Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Solaris Oilfield Infrastructure, Inc. (NYSE:SOIGet Rating) – Investment analysts at Capital One Financial lifted their Q4 2022 EPS estimates for Solaris Oilfield Infrastructure in a research report issued to clients and investors on Wednesday, August 3rd. Capital One Financial analyst L. Lemoine now anticipates that the company will post earnings per share of $0.27 for the quarter, up from their prior forecast of $0.19. The consensus estimate for Solaris Oilfield Infrastructure’s current full-year earnings is $0.46 per share.

Separately, TheStreet raised shares of Solaris Oilfield Infrastructure from a “c+” rating to a “b” rating in a research note on Tuesday.

Solaris Oilfield Infrastructure Trading Up 1.9 %

Shares of SOI opened at $10.93 on Thursday. The firm’s 50 day simple moving average is $11.35 and its 200 day simple moving average is $10.73. The company has a market capitalization of $508.94 million, a P/E ratio of 35.26 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 2.32. Solaris Oilfield Infrastructure has a 1-year low of $6.11 and a 1-year high of $14.61.

Solaris Oilfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Tuesday, June 7th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Monday, June 6th. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is presently 135.49%.

Insiders Place Their Bets

In other Solaris Oilfield Infrastructure news, CAO Lindsay R. Bourg sold 6,796 shares of Solaris Oilfield Infrastructure stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $13.99, for a total transaction of $95,076.04. Following the transaction, the chief accounting officer now directly owns 23,250 shares of the company’s stock, valued at $325,267.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO William A. Zartler bought 7,000 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were purchased at an average price of $10.99 per share, for a total transaction of $76,930.00. Following the completion of the acquisition, the chief executive officer now owns 551,175 shares of the company’s stock, valued at $6,057,413.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lindsay R. Bourg sold 6,796 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $13.99, for a total transaction of $95,076.04. Following the completion of the transaction, the chief accounting officer now owns 23,250 shares in the company, valued at approximately $325,267.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,037 shares of company stock valued at $918,647. 30.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ellevest Inc. boosted its holdings in Solaris Oilfield Infrastructure by 74.8% in the first quarter. Ellevest Inc. now owns 3,220 shares of the company’s stock valued at $36,000 after acquiring an additional 1,378 shares in the last quarter. Dorsey Wright & Associates bought a new stake in Solaris Oilfield Infrastructure in the second quarter valued at $40,000. Amalgamated Bank bought a new stake in Solaris Oilfield Infrastructure in the first quarter valued at $47,000. King Luther Capital Management Corp bought a new stake in Solaris Oilfield Infrastructure in the first quarter valued at $119,000. Finally, Pitcairn Co. bought a new stake in Solaris Oilfield Infrastructure in the first quarter valued at $121,000. Institutional investors own 70.21% of the company’s stock.

Solaris Oilfield Infrastructure Company Profile

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Solaris Oilfield Infrastructure, Inc designs, manufactures, and sells mobile equipment to unload, store, and deliver proppant, water, and chemicals at oil and natural gas well sites in the United States. It is involved in the transloading and storage of proppant or railcars at its transloading facility.

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Earnings History and Estimates for Solaris Oilfield Infrastructure (NYSE:SOI)

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