Brokerages expect Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) to post ($0.01) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Solaris Oilfield Infrastructure’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.03). Solaris Oilfield Infrastructure reported earnings per share of ($0.05) during the same quarter last year, which would suggest a positive year over year growth rate of 80%. The business is expected to announce its next quarterly earnings results on Monday, February 21st.
On average, analysts expect that Solaris Oilfield Infrastructure will report full-year earnings of ($0.07) per share for the current year, with EPS estimates ranging from ($0.12) to ($0.03). For the next fiscal year, analysts forecast that the firm will post earnings of $0.19 per share, with EPS estimates ranging from $0.04 to $0.46. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Solaris Oilfield Infrastructure.
Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Monday, November 1st. The company reported ($0.01) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). Solaris Oilfield Infrastructure had a negative net margin of 2.12% and a negative return on equity of 1.80%. The company had revenue of $49.38 million during the quarter, compared to analysts’ expectations of $31.97 million. During the same quarter last year, the business earned ($0.09) EPS.
In other news, Director James R. Burke sold 50,000 shares of Solaris Oilfield Infrastructure stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $8.30, for a total transaction of $415,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William A. Zartler purchased 15,000 shares of the stock in a transaction dated Monday, November 22nd. The shares were purchased at an average price of $6.71 per share, with a total value of $100,650.00. The disclosure for this purchase can be found here. Insiders own 30.59% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of SOI. BNP Paribas Arbitrage SA grew its holdings in Solaris Oilfield Infrastructure by 270.3% in the third quarter. BNP Paribas Arbitrage SA now owns 7,039 shares of the company’s stock valued at $59,000 after purchasing an additional 5,138 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new stake in Solaris Oilfield Infrastructure in the third quarter valued at approximately $93,000. Campbell & CO Investment Adviser LLC purchased a new stake in Solaris Oilfield Infrastructure in the second quarter valued at approximately $101,000. Barclays PLC grew its holdings in Solaris Oilfield Infrastructure by 166.9% in the third quarter. Barclays PLC now owns 13,262 shares of the company’s stock valued at $111,000 after purchasing an additional 8,293 shares during the period. Finally, HighVista Strategies LLC purchased a new stake in Solaris Oilfield Infrastructure in the third quarter valued at approximately $119,000. Institutional investors and hedge funds own 50.74% of the company’s stock.
Shares of NYSE SOI traded up $0.20 during midday trading on Thursday, hitting $7.12. The company had a trading volume of 123,748 shares, compared to its average volume of 268,491. The company has a quick ratio of 2.57, a current ratio of 2.61 and a debt-to-equity ratio of 0.24. Solaris Oilfield Infrastructure has a twelve month low of $6.51 and a twelve month high of $15.07. The business has a 50-day simple moving average of $7.85 and a two-hundred day simple moving average of $8.61. The firm has a market capitalization of $325.26 million, a price-to-earnings ratio of -64.73 and a beta of 1.78.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 17th. Shareholders of record on Tuesday, December 7th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend is Monday, December 6th. Solaris Oilfield Infrastructure’s payout ratio is currently -381.82%.
Solaris Oilfield Infrastructure Company Profile
Solaris Oilfield Infrastructure, Inc operates as a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant at oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.
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