Shares of Solaris Oilfield Infrastructure Inc (NYSE:SOI) have been given a consensus rating of “Buy” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $22.00.

A number of research analysts have recently issued reports on SOI shares. Zacks Investment Research cut shares of Solaris Oilfield Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 17th. Seaport Global Securities reiterated a “buy” rating on shares of Solaris Oilfield Infrastructure in a report on Monday, August 6th. ValuEngine cut shares of Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Finally, Stifel Nicolaus started coverage on shares of Solaris Oilfield Infrastructure in a report on Monday, September 10th. They set a “buy” rating and a $20.00 price objective for the company.

Shares of NYSE SOI opened at $18.96 on Wednesday. The stock has a market cap of $813.78 million, a PE ratio of 39.50 and a beta of 0.28. Solaris Oilfield Infrastructure has a 1 year low of $12.97 and a 1 year high of $23.98. The company has a quick ratio of 1.94, a current ratio of 2.26 and a debt-to-equity ratio of 0.20.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $47.20 million during the quarter, compared to analysts’ expectations of $44.85 million. Solaris Oilfield Infrastructure had a net margin of 15.78% and a return on equity of 18.91%. The business’s revenue was up 252.2% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. research analysts anticipate that Solaris Oilfield Infrastructure will post 1.79 EPS for the current fiscal year.

In related news, Director James R. Burke sold 7,170 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $16.67, for a total transaction of $119,523.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.44% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in SOI. Fred Alger Management Inc. boosted its holdings in Solaris Oilfield Infrastructure by 166.8% during the second quarter. Fred Alger Management Inc. now owns 2,217,243 shares of the company’s stock worth $31,684,000 after purchasing an additional 1,386,252 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Solaris Oilfield Infrastructure by 419.5% during the first quarter. Wells Fargo & Company MN now owns 1,265,403 shares of the company’s stock worth $20,954,000 after purchasing an additional 1,021,801 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Solaris Oilfield Infrastructure by 367.9% during the second quarter. Russell Investments Group Ltd. now owns 863,068 shares of the company’s stock worth $12,330,000 after purchasing an additional 678,610 shares during the last quarter. BlackRock Inc. boosted its holdings in Solaris Oilfield Infrastructure by 42.5% during the second quarter. BlackRock Inc. now owns 1,676,793 shares of the company’s stock worth $23,961,000 after purchasing an additional 499,738 shares during the last quarter. Finally, Boston Partners purchased a new position in Solaris Oilfield Infrastructure during the second quarter worth about $6,489,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

About Solaris Oilfield Infrastructure

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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