Solaris Oilfield Infrastructure, Inc. (SOI) Rating Lowered to Hold at Zacks Investment Research

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Solaris Oilfield Infrastructure, Inc. manufactures and provides patented mobile proppant management systems which unload, store and deliver proppant at oil and natural gas well sites and its systems are deployed in many of the most active oil and natural gas basins in the United States, including the Permian Basin, the Eagle Ford Shale and the SCOOP/STACK formation. Solaris Oilfield Infrastructure, Inc. is based in Houston, United States. “

SOI has been the topic of several other research reports. Raymond James Financial, Inc. lowered shares of Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 11th. UBS AG assumed coverage on shares of Solaris Oilfield Infrastructure in a report on Wednesday, July 19th. They issued an “outperform” rating on the stock. Citigroup Inc. lowered shares of Solaris Oilfield Infrastructure to a “market perform” rating in a report on Wednesday, October 11th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $20.00 target price (up previously from $16.00) on shares of Solaris Oilfield Infrastructure in a research report on Monday, October 9th. Finally, Johnson Rice reissued a “buy” rating and issued a $19.00 target price on shares of Solaris Oilfield Infrastructure in a research report on Monday, September 11th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $17.68.

Solaris Oilfield Infrastructure (NYSE:SOI) opened at $15.22 on Thursday. Solaris Oilfield Infrastructure has a 1-year low of $9.90 and a 1-year high of $18.42. The company has a current ratio of 7.44, a quick ratio of 6.78 and a debt-to-equity ratio of 0.06.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Thursday, November 2nd. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The business had revenue of $18.50 million for the quarter, compared to analyst estimates of $17.14 million. Solaris Oilfield Infrastructure had a net margin of 18.84% and a return on equity of 10.16%. The business’s revenue for the quarter was down 99.6% on a year-over-year basis. equities research analysts expect that Solaris Oilfield Infrastructure will post 0.52 EPS for the current year.

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In other news, CFO Kyle S. Ramachandran sold 140,048 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total value of $2,106,321.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cynthia M. Durrett sold 53,873 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total transaction of $810,249.92. The disclosure for this sale can be found here. Insiders have sold a total of 3,925,926 shares of company stock valued at $59,045,927 over the last three months.

Large investors have recently modified their holdings of the company. Jennison Associates LLC acquired a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth approximately $8,818,000. Wells Fargo & Company MN acquired a new stake in Solaris Oilfield Infrastructure during the second quarter valued at approximately $1,521,000. Schroder Investment Management Group acquired a new stake in Solaris Oilfield Infrastructure during the second quarter valued at approximately $10,623,000. Lord Abbett & CO. LLC acquired a new stake in Solaris Oilfield Infrastructure during the second quarter valued at approximately $2,847,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Solaris Oilfield Infrastructure during the second quarter valued at approximately $3,459,000. 58.69% of the stock is owned by institutional investors.

About Solaris Oilfield Infrastructure

Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.

Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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