Solaris Oilfield Infrastructure Inc (NYSE:SOI) to Issue Dividend Increase – $0.11 Per Share
Solaris Oilfield Infrastructure Inc (NYSE:SOI) declared a quarterly dividend on Thursday, December 5th, Wall Street Journal reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.105 per share on Thursday, December 26th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Friday, December 13th. This is a boost from Solaris Oilfield Infrastructure’s previous quarterly dividend of $0.10.
Shares of SOI traded up $0.25 during trading hours on Friday, hitting $11.99. The stock had a trading volume of 9,777 shares, compared to its average volume of 474,147. The company’s fifty day moving average is $11.16 and its two-hundred day moving average is $13.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.09 and a quick ratio of 2.88. Solaris Oilfield Infrastructure has a 52 week low of $10.24 and a 52 week high of $19.31. The stock has a market capitalization of $510.52 million, a price-to-earnings ratio of 7.07 and a beta of 1.68.
Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $59.60 million for the quarter, compared to the consensus estimate of $58.94 million. Solaris Oilfield Infrastructure had a net margin of 21.12% and a return on equity of 22.39%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share. Equities analysts predict that Solaris Oilfield Infrastructure will post 1.48 EPS for the current fiscal year.
Several analysts have recently weighed in on SOI shares. Citigroup set a $13.00 price objective on shares of Solaris Oilfield Infrastructure and gave the stock a “hold” rating in a report on Thursday, October 10th. Stifel Nicolaus set a $15.00 price target on Solaris Oilfield Infrastructure and gave the company a “buy” rating in a report on Friday, November 1st. Cowen set a $16.00 price objective on Solaris Oilfield Infrastructure and gave the company a “buy” rating in a research report on Friday, November 1st. ValuEngine upgraded Solaris Oilfield Infrastructure from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research cut Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $17.65.
Solaris Oilfield Infrastructure Company Profile
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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