Solaris Oilfield Infrastructure (SOI) Set to Announce Quarterly Earnings on Thursday

Solaris Oilfield Infrastructure (NYSE:SOI) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Monday, February 26th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Solaris Oilfield Infrastructure had a net margin of 8.31% and a return on equity of 12.01%. The business had revenue of $63.35 million during the quarter, compared to analyst estimates of $65.55 million. During the same period in the prior year, the business earned $0.22 earnings per share. On average, analysts expect Solaris Oilfield Infrastructure to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Solaris Oilfield Infrastructure Stock Up 2.0 %

SOI stock opened at $8.59 on Wednesday. Solaris Oilfield Infrastructure has a 12 month low of $6.59 and a 12 month high of $11.32. The firm has a market cap of $369.46 million, a PE ratio of 11.16 and a beta of 1.29. The firm has a 50 day simple moving average of $8.39 and a 200 day simple moving average of $8.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.80 and a quick ratio of 1.63.

Solaris Oilfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.59%. The ex-dividend date was Friday, March 8th. Solaris Oilfield Infrastructure’s dividend payout ratio is presently 62.34%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SOI shares. TheStreet lowered shares of Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. Stifel Nicolaus reduced their price target on shares of Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, January 3rd.

Insider Activity at Solaris Oilfield Infrastructure

In other Solaris Oilfield Infrastructure news, insider Christopher M. Powell sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $8.50, for a total value of $148,750.00. Following the transaction, the insider now owns 130,202 shares in the company, valued at approximately $1,106,717. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 34.71% of the stock is owned by insiders.

Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.