Solaris Oilfield Infrastructure (NYSE:SOI) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday.

SOI has been the topic of a number of other reports. Zacks Investment Research raised shares of Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a report on Tuesday, August 7th. Seaport Global Securities reissued a “buy” rating on shares of Solaris Oilfield Infrastructure in a report on Monday, August 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Solaris Oilfield Infrastructure has a consensus rating of “Buy” and a consensus price target of $21.83.

Shares of Solaris Oilfield Infrastructure stock opened at $15.29 on Friday. Solaris Oilfield Infrastructure has a 12-month low of $12.97 and a 12-month high of $23.98. The stock has a market capitalization of $756.86 million, a PE ratio of 31.85 and a beta of 0.30. The company has a current ratio of 2.26, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Solaris Oilfield Infrastructure had a net margin of 15.78% and a return on equity of 18.91%. The firm had revenue of $47.20 million for the quarter, compared to the consensus estimate of $44.85 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The company’s revenue for the quarter was up 252.2% on a year-over-year basis. analysts anticipate that Solaris Oilfield Infrastructure will post 1.78 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in SOI. Wells Fargo & Company MN increased its position in shares of Solaris Oilfield Infrastructure by 419.5% in 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. Rhumbline Advisers increased its position in shares of Solaris Oilfield Infrastructure by 31.5% in the first quarter. Rhumbline Advisers now owns 15,538 shares of the company’s stock worth $257,000 after purchasing an additional 3,725 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Solaris Oilfield Infrastructure by 0.3% in the first quarter. Victory Capital Management Inc. now owns 1,095,608 shares of the company’s stock worth $18,143,000 after purchasing an additional 3,366 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Solaris Oilfield Infrastructure by 15.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 40,665 shares of the company’s stock worth $674,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Solaris Oilfield Infrastructure by 5.1% in the first quarter. Northern Trust Corp now owns 233,112 shares of the company’s stock worth $3,860,000 after purchasing an additional 11,308 shares during the last quarter. 75.72% of the stock is currently owned by hedge funds and other institutional investors.

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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