Solaris Oilfield Infrastructure (NYSE:SOI) Stock Rating Reaffirmed by Imperial Capital

Imperial Capital reiterated their outperform rating on shares of Solaris Oilfield Infrastructure (NYSE:SOI) in a report issued on Thursday, Briefing.com Automated Import reports. The firm currently has a $22.00 price objective on the stock, up from their previous price objective of $20.00.

SOI has been the topic of a number of other research reports. Cowen restated an outperform rating and set a $21.00 price target (up previously from $20.00) on shares of Solaris Oilfield Infrastructure in a research note on Thursday, May 2nd. ValuEngine lowered shares of Solaris Oilfield Infrastructure from a sell rating to a strong sell rating in a research note on Tuesday, July 2nd. Zacks Investment Research lowered shares of Solaris Oilfield Infrastructure from a hold rating to a sell rating in a research note on Tuesday, July 9th. B. Riley set a $23.00 price target on shares of Solaris Oilfield Infrastructure and gave the company a buy rating in a research note on Wednesday, June 5th. Finally, TheStreet lowered shares of Solaris Oilfield Infrastructure from a b- rating to a c rating in a research note on Friday, May 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Solaris Oilfield Infrastructure currently has a consensus rating of Hold and an average target price of $19.72.

Solaris Oilfield Infrastructure stock traded up $0.33 during mid-day trading on Thursday, reaching $13.66. 480,000 shares of the company traded hands, compared to its average volume of 500,245. The company has a quick ratio of 2.08, a current ratio of 2.47 and a debt-to-equity ratio of 0.23. Solaris Oilfield Infrastructure has a fifty-two week low of $10.50 and a fifty-two week high of $19.31. The firm has a market capitalization of $634.38 million, a P/E ratio of 8.08 and a beta of 1.78. The company has a fifty day moving average price of $14.25.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). Solaris Oilfield Infrastructure had a net margin of 22.57% and a return on equity of 29.34%. The company had revenue of $64.10 million for the quarter, compared to analyst estimates of $58.25 million. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. Research analysts anticipate that Solaris Oilfield Infrastructure will post 1.86 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Chicago Equity Partners LLC raised its position in shares of Solaris Oilfield Infrastructure by 4.2% in the second quarter. Chicago Equity Partners LLC now owns 23,225 shares of the company’s stock valued at $348,000 after buying an additional 930 shares during the last quarter. Swiss National Bank acquired a new stake in shares of Solaris Oilfield Infrastructure in the second quarter valued at about $869,000. TimesSquare Capital Management LLC raised its position in shares of Solaris Oilfield Infrastructure by 9.8% in the second quarter. TimesSquare Capital Management LLC now owns 1,318,605 shares of the company’s stock valued at $19,753,000 after buying an additional 117,885 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Solaris Oilfield Infrastructure in the second quarter valued at about $196,000. Finally, CWM LLC raised its position in shares of Solaris Oilfield Infrastructure by 4.1% in the second quarter. CWM LLC now owns 24,656 shares of the company’s stock valued at $369,000 after buying an additional 975 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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