Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) – Analysts at Seaport Global Securities boosted their FY2017 earnings per share (EPS) estimates for shares of Solaris Oilfield Infrastructure in a research report issued to clients and investors on Monday. Seaport Global Securities analyst S. Randhawa now anticipates that the company will earn $0.59 per share for the year, up from their prior forecast of $0.56. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Solaris Oilfield Infrastructure’s Q4 2017 earnings at $0.17 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $1.28 EPS, Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.48 EPS and FY2019 earnings at $1.90 EPS.

Several other research analysts have also recently commented on SOI. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $16.00 target price (up from $15.00) on shares of Solaris Oilfield Infrastructure in a report on Thursday, August 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $15.50 target price on shares of Solaris Oilfield Infrastructure in a report on Thursday, August 3rd. Imperial Capital assumed coverage on shares of Solaris Oilfield Infrastructure in a report on Friday, August 18th. They issued an “outperform” rating and a $17.00 target price for the company. Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, September 29th. Finally, Raymond James Financial, Inc. cut shares of Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Solaris Oilfield Infrastructure presently has a consensus rating of “Buy” and an average target price of $17.68.

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Solaris Oilfield Infrastructure (SOI) opened at $16.60 on Tuesday. 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 (NYSE:SOI) last announced its earnings results on Thursday, November 2nd. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). Solaris Oilfield Infrastructure had a return on equity of 10.16% and a net margin of 18.84%. The firm had revenue of $18.50 million during the quarter, compared to analyst estimates of $17.14 million. The company’s revenue for the quarter was down 99.6% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund acquired a new stake in shares of Solaris Oilfield Infrastructure during the second quarter worth approximately $123,000. Alliancebernstein L.P. acquired a new stake in shares of Solaris Oilfield Infrastructure during the second quarter worth approximately $125,000. Parametric Portfolio Associates LLC acquired a new stake in shares of Solaris Oilfield Infrastructure during the second quarter worth approximately $125,000. Sei Investments Co. acquired a new stake in shares of Solaris Oilfield Infrastructure during the third quarter worth approximately $152,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Solaris Oilfield Infrastructure during the second quarter worth approximately $173,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

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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