Shares of Solaris Oilfield Infrastructure Inc (NYSE:SOI) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $22.80.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating and set a $19.00 price target for the company in a research note on Tuesday, August 7th. ValuEngine downgraded Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Piper Jaffray Companies set a $22.00 price target on Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Stifel Nicolaus assumed coverage on Solaris Oilfield Infrastructure in a research note on Monday, September 10th. They set a “buy” rating and a $20.00 price target for the company. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Solaris Oilfield Infrastructure in a research note on Monday, August 6th.

In related news, Director James R. Burke sold 7,170 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $16.67, for a total value of $119,523.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 14.44% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. US Bancorp DE raised its stake in shares of Solaris Oilfield Infrastructure by 847.1% in the 2nd quarter. US Bancorp DE now owns 13,875 shares of the company’s stock valued at $199,000 after acquiring an additional 12,410 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $900,000. Rice Hall James & Associates LLC bought a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $2,205,000. Citadel Advisors LLC raised its stake in shares of Solaris Oilfield Infrastructure by 55.1% in the 2nd quarter. Citadel Advisors LLC now owns 65,576 shares of the company’s stock valued at $937,000 after acquiring an additional 23,298 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Solaris Oilfield Infrastructure by 50.1% in the 2nd quarter. Rhumbline Advisers now owns 23,323 shares of the company’s stock valued at $333,000 after acquiring an additional 7,785 shares in the last quarter. 77.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE SOI opened at $15.60 on Friday. Solaris Oilfield Infrastructure has a one year low of $12.97 and a one year high of $23.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.26 and a quick ratio of 1.94. The stock has a market cap of $751.68 million, a price-to-earnings ratio of 32.50 and a beta of 0.23.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. Solaris Oilfield Infrastructure had a return on equity of 18.91% and a net margin of 15.78%. The company had revenue of $47.20 million during the quarter, compared to the consensus estimate of $44.85 million. During the same period last year, the business earned $0.01 EPS. The business’s quarterly revenue was up 252.2% on a year-over-year basis. Equities analysts expect that Solaris Oilfield Infrastructure will post 1.76 EPS for the current year.

Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.

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Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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