Solaris Oilfield Infrastructure Inc (NYSE:SOI) – Equities research analysts at Oppenheimer reduced their Q1 2018 earnings per share estimates for shares of Solaris Oilfield Infrastructure in a research report issued on Friday. Oppenheimer analyst S. Schneeberger now anticipates that the company will earn $0.24 per share for the quarter, down from their previous estimate of $0.25. Oppenheimer currently has a “Buy” rating and a $20.00 target price on the stock. Oppenheimer also issued estimates for Solaris Oilfield Infrastructure’s Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $1.37 EPS and FY2019 earnings at $1.87 EPS.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its earnings results on Thursday, November 2nd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The company had revenue of $18.50 million for the quarter, compared to analyst estimates of $17.14 million. Solaris Oilfield Infrastructure had a net margin of 18.84% and a return on equity of 10.16%. The company’s revenue was down 99.6% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the company. Imperial Capital increased their target price on Solaris Oilfield Infrastructure to $23.00 and gave the company an “outperform” rating in a report on Friday, December 15th. Piper Jaffray Companies reissued a “buy” rating and set a $19.00 price target on shares of Solaris Oilfield Infrastructure in a research note on Sunday, November 5th. Zacks Investment Research lowered Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Citigroup lowered Solaris Oilfield Infrastructure to a “market perform” rating in a research note on Wednesday, October 11th. They noted that the move was a valuation call. Finally, Raymond James Financial lowered Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 11th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $19.79.

Shares of Solaris Oilfield Infrastructure (SOI) traded up $0.92 during trading hours on Monday, reaching $20.90. The company’s stock had a trading volume of 187,521 shares, compared to its average volume of 519,920. The firm has a market cap of $935.51 and a PE ratio of 95.00. The company has a current ratio of 7.44, a quick ratio of 6.78 and a debt-to-equity ratio of 0.06. Solaris Oilfield Infrastructure has a 52-week low of $9.90 and a 52-week high of $23.98.

Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund purchased a new position in Solaris Oilfield Infrastructure in the second quarter valued at about $123,000. Alliancebernstein L.P. purchased a new position in Solaris Oilfield Infrastructure in the second quarter valued at about $125,000. Parametric Portfolio Associates LLC purchased a new position in Solaris Oilfield Infrastructure in the second quarter valued at about $125,000. ClariVest Asset Management LLC purchased a new position in Solaris Oilfield Infrastructure in the third quarter valued at about $146,000. Finally, Sei Investments Co. purchased a new position in Solaris Oilfield Infrastructure in the third quarter valued at about $152,000. 56.36% of the stock is currently owned by institutional investors.

In other Solaris Oilfield Infrastructure news, insider Cynthia M. Durrett sold 21,219 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $21.65, for a total value of $459,391.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kyle S. Ramachandran sold 140,048 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total value of $2,106,321.92. The disclosure for this sale can be found here. Insiders sold a total of 5,985,914 shares of company stock worth $103,644,667 over the last ninety days.

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Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.

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

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