Solaris Oilfield Infrastructure (NYSE:SOI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Solaris Oilfield Infrastructure, Inc. manufactures and provides patented mobile proppant management systems which unload, store and deliver proppant at oil and natural gas well sites and its systems are deployed in many of the most active oil and natural gas basins in the United States, including the Permian Basin, the Eagle Ford Shale and the SCOOP/STACK formation. Solaris Oilfield Infrastructure, Inc. is based in Houston, United States. “

A number of other analysts also recently commented on SOI. B. Riley set a $26.00 price target on Abercrombie & Fitch and gave the company a “hold” rating in a research report on Wednesday, June 5th. Cowen reaffirmed a “hold” rating on shares of PTC Therapeutics in a research report on Thursday, May 2nd. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, TheStreet downgraded Weibo from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $20.19.

Shares of SOI stock traded down $0.02 during trading hours on Tuesday, reaching $14.05. The company had a trading volume of 11,002 shares, compared to its average volume of 497,217. Solaris Oilfield Infrastructure has a 12 month low of $10.50 and a 12 month high of $19.31. The company has a current ratio of 2.47, a quick ratio of 2.08 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average of $14.84. The company has a market capitalization of $654.36 million, a P/E ratio of 8.37 and a beta of 1.79.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Tuesday, April 30th. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. The company had revenue of $55.12 million for the quarter, compared to analyst estimates of $54.31 million. Solaris Oilfield Infrastructure had a return on equity of 29.34% and a net margin of 22.57%. The company’s revenue for the quarter was up 53.0% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. As a group, equities research analysts predict that Solaris Oilfield Infrastructure will post 1.93 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in SOI. FMR LLC purchased a new stake in Solaris Oilfield Infrastructure in the first quarter worth $36,498,000. Penserra Capital Management LLC purchased a new stake in Solaris Oilfield Infrastructure in the first quarter worth $8,680,000. Segall Bryant & Hamill LLC purchased a new stake in Solaris Oilfield Infrastructure in the fourth quarter worth $5,912,000. Tocqueville Asset Management L.P. purchased a new stake in Solaris Oilfield Infrastructure in the first quarter worth $5,622,000. Finally, Icon Advisers Inc. Co. purchased a new stake in Solaris Oilfield Infrastructure in the first quarter worth $3,354,000. 63.26% of the stock is owned by institutional investors and hedge funds.

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.

Read More: CD Ladder

Get a free copy of the Zacks research report on Solaris Oilfield Infrastructure (SOI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

Receive News & Ratings for Solaris Oilfield Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaris Oilfield Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.