Solaris Oilfield Infrastructure, Inc. to Issue Quarterly Dividend of $0.12 (NYSE:SOI)

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, June 7th will be given a dividend of 0.12 per share on Monday, June 17th. This represents a $0.48 annualized dividend and a yield of 4.98%. The ex-dividend date is Friday, June 7th.

Solaris Oilfield Infrastructure has raised its dividend payment by an average of 2.3% annually over the last three years and has raised its dividend every year for the last 1 years. Solaris Oilfield Infrastructure has a payout ratio of 53.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Solaris Oilfield Infrastructure to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 66.7%.

Solaris Oilfield Infrastructure Stock Up 13.9 %

Solaris Oilfield Infrastructure stock traded up $1.18 during trading hours on Friday, hitting $9.64. The company had a trading volume of 1,062,786 shares, compared to its average volume of 260,331. The firm has a market capitalization of $414.62 million, a P/E ratio of 14.18 and a beta of 1.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.80 and a quick ratio of 1.63. The firm’s fifty day moving average is $8.47 and its 200-day moving average is $8.40. Solaris Oilfield Infrastructure has a fifty-two week low of $6.59 and a fifty-two week high of $11.32.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Thursday, April 25th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $67.89 million during the quarter, compared to the consensus estimate of $63.55 million. Solaris Oilfield Infrastructure had a net margin of 7.58% and a return on equity of 10.80%. On average, research analysts forecast that Solaris Oilfield Infrastructure will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SOI has been the subject of several recent research reports. TheStreet downgraded shares of Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Stifel Nicolaus decreased their price objective on shares of Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd.

Insider Buying and Selling

In related news, insider Christopher M. Powell sold 17,500 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $8.50, for a total transaction of $148,750.00. Following the completion of the sale, the insider now directly owns 130,202 shares of the company’s stock, valued at approximately $1,106,717. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 34.71% of the stock is owned by insiders.

About Solaris Oilfield Infrastructure

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.