Citigroup assumed coverage on shares of Solaris Oilfield Infrastructure (NYSE:SOI) in a research report report published on Tuesday morning, Briefing.com Automated Import reports. The firm issued a neutral rating and a $15.00 target price on the stock.

SOI has been the topic of several other research reports. Zacks Investment Research upgraded DLH from a sell rating to a hold rating in a research note on Tuesday, July 9th. TheStreet cut Weibo from a b- rating to a c+ rating in a research note on Friday, May 31st. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Cowen restated a hold rating on shares of PTC Therapeutics in a research note on Thursday, May 2nd. Finally, B. Riley set a $26.00 target price on Abercrombie & Fitch and gave the company a hold rating in a research note on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $19.61.

NYSE SOI opened at $13.12 on Tuesday. The company has a market cap of $614.82 million, a PE ratio of 7.76 and a beta of 1.78. The company has a 50 day moving average price of $14.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.47 and a quick ratio of 2.08. Solaris Oilfield Infrastructure has a 52 week low of $10.50 and a 52 week high of $19.31.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Tuesday, April 30th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The firm had revenue of $55.12 million for the quarter, compared to analysts’ expectations of $54.31 million. Solaris Oilfield Infrastructure had a return on equity of 29.34% and a net margin of 22.57%. The business’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. Sell-side analysts forecast that Solaris Oilfield Infrastructure will post 1.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Thursday, June 13th. Solaris Oilfield Infrastructure’s dividend payout ratio is currently 23.67%.

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Solaris Oilfield Infrastructure by 107.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,257 shares of the company’s stock worth $37,000 after purchasing an additional 1,171 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Solaris Oilfield Infrastructure by 16.5% during the 4th quarter. Advisor Group Inc. now owns 6,761 shares of the company’s stock worth $81,000 after purchasing an additional 959 shares in the last quarter. Bank of Montreal Can raised its stake 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 in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Solaris Oilfield Infrastructure by 186,066.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,585 shares of the company’s stock worth $92,000 after purchasing an additional 5,582 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of 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 purchasing an additional 7,197 shares in the last quarter. Institutional investors own 63.28% of the company’s stock.

About Solaris Oilfield Infrastructure

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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Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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