Piper Jaffray Companies Analysts Cut Earnings Estimates for Solaris Oilfield Infrastructure Inc (SOI)

Solaris Oilfield Infrastructure Inc (NYSE:SOI) – Equities research analysts at Piper Jaffray Companies reduced their FY2019 earnings per share estimates for shares of Solaris Oilfield Infrastructure in a research report issued on Thursday, April 11th, according to Zacks Investment Research. Piper Jaffray Companies analyst J. Watson now anticipates that the company will post earnings per share of $1.74 for the year, down from their prior estimate of $1.75. Piper Jaffray Companies also issued estimates for Solaris Oilfield Infrastructure’s Q4 2019 earnings at $0.45 EPS, Q3 2020 earnings at $0.50 EPS and Q4 2020 earnings at $0.50 EPS.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Solaris Oilfield Infrastructure had a return on equity of 30.21% and a net margin of 22.57%. The business had revenue of $55.12 million during the quarter, compared to analyst estimates of $54.31 million. During the same period in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 53.0% compared to the same quarter last year.

A number of other equities analysts have also issued reports on the company. Cowen reaffirmed an “outperform” rating and set a $21.00 price target (up from $20.00) on shares of Solaris Oilfield Infrastructure in a research note on Thursday. B. Riley began coverage on Solaris Oilfield Infrastructure in a research note on Wednesday, March 13th. They set a “buy” rating and a $21.00 price target for the company. Goldman Sachs Group began coverage on Solaris Oilfield Infrastructure in a research note on Sunday, March 10th. They set a “neutral” rating and a $20.00 price target for the company. Zacks Investment Research raised Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Johnson Rice set a $24.00 price target on Solaris Oilfield Infrastructure and gave the company a “buy” rating in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Solaris Oilfield Infrastructure has an average rating of “Buy” and a consensus price target of $19.94.

SOI stock traded up $0.64 on Friday, reaching $18.14. The company’s stock had a trading volume of 1,673,756 shares, compared to its average volume of 473,186. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.29 and a quick ratio of 1.99. The firm has a market capitalization of $854.88 million, a price-to-earnings ratio of 10.73 and a beta of 1.79. Solaris Oilfield Infrastructure has a 52 week low of $10.50 and a 52 week high of $20.18.

In other news, Director James R. Burke sold 8,809 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $16.76, for a total transaction of $147,638.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Yorktown Energy Partners X, L. sold 2,000,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $15.58, for a total value of $31,160,000.00. The disclosure for this sale can be found here. 14.18% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Advisor Group Inc. lifted its position in shares of Solaris Oilfield Infrastructure by 16.5% during the 4th quarter. Advisor Group Inc. now owns 6,761 shares of the company’s stock valued at $81,000 after acquiring an additional 959 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Solaris Oilfield Infrastructure by 3.3% during the 4th quarter. Two Sigma Advisers LP now owns 31,300 shares of the company’s stock valued at $378,000 after acquiring an additional 1,000 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Solaris Oilfield Infrastructure by 36.6% during the 1st quarter. Bank of Montreal Can now owns 5,118 shares of the company’s stock valued at $84,000 after acquiring an additional 1,371 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Solaris Oilfield Infrastructure by 80.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,078 shares of the company’s stock valued at $166,000 after acquiring an additional 4,494 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Solaris Oilfield Infrastructure by 186,066.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,585 shares of the company’s stock valued at $92,000 after acquiring an additional 5,582 shares during the last quarter. Institutional investors own 85.19% of the company’s stock.

About Solaris Oilfield Infrastructure

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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Earnings History and Estimates for Solaris Oilfield Infrastructure (NYSE:SOI)

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