Solaris Oilfield Infrastructure Inc (NYSE:SOI) – Investment analysts at Piper Sandler upped their Q4 2020 earnings per share (EPS) estimates for shares of Solaris Oilfield Infrastructure in a report issued on Wednesday, June 24th. Piper Sandler analyst I. Macpherson now expects that the company will post earnings of ($0.10) per share for the quarter, up from their prior estimate of ($0.11). Piper Sandler currently has a “Neutral” rating and a $8.50 target price on the stock. Piper Sandler also issued estimates for Solaris Oilfield Infrastructure’s Q4 2021 earnings at $0.07 EPS and FY2022 earnings at $0.41 EPS.
A number of other research analysts also recently commented on SOI. Citigroup raised their target price on shares of Solaris Oilfield Infrastructure from $5.50 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Stifel Nicolaus raised their target price on shares of Solaris Oilfield Infrastructure from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Zacks Investment Research downgraded shares of Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. TheStreet raised shares of Solaris Oilfield Infrastructure from a “d” rating to a “c-” rating in a research report on Monday, May 11th. Finally, ValuEngine raised shares of Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating in a research report on Thursday, June 4th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $11.64.
SOI stock opened at $7.22 on Monday. The company has a market capitalization of $335.98 million, a PE ratio of 11.84 and a beta of 2.25. Solaris Oilfield Infrastructure has a 12 month low of $4.50 and a 12 month high of $15.45. The firm’s 50-day moving average is $6.94 and its 200 day moving average is $9.18. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.06 and a quick ratio of 3.94.
Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.15. The company had revenue of $47.83 million for the quarter, compared to the consensus estimate of $43.19 million. Solaris Oilfield Infrastructure had a net margin of 8.79% and a return on equity of 16.64%.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend was Monday, June 1st. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is 31.82%.
Large investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can purchased a new stake in Solaris Oilfield Infrastructure in the 4th quarter worth $36,000. Advisor Group Holdings Inc. acquired a new position in shares of Solaris Oilfield Infrastructure during the 1st quarter valued at about $48,000. BNP Paribas Arbitrage SA boosted its position in shares of Solaris Oilfield Infrastructure by 166.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,591 shares of the company’s stock valued at $50,000 after acquiring an additional 5,988 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Solaris Oilfield Infrastructure during the first quarter worth about $64,000. Finally, Citigroup Inc. increased its stake in Solaris Oilfield Infrastructure by 80.6% during the first quarter. Citigroup Inc. now owns 12,936 shares of the company’s stock worth $68,000 after purchasing an additional 5,773 shares during the period. 59.57% of the stock is owned by hedge funds and other institutional investors.
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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