Solaris Oilfield Infrastructure Inc (SOI) Expected to Post Quarterly Sales of $24.17 Million

Brokerages expect Solaris Oilfield Infrastructure Inc (NYSE:SOI) to post $24.17 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Solaris Oilfield Infrastructure’s earnings, with estimates ranging from $23.56 million to $24.95 million. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, March 6th.

According to Zacks, analysts expect that Solaris Oilfield Infrastructure will report full year sales of $24.17 million for the current financial year, with estimates ranging from $64.00 million to $67.14 million. For the next financial year, analysts anticipate that the business will report sales of $169.06 million per share, with estimates ranging from $163.00 million to $177.33 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Solaris Oilfield Infrastructure.

Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Oppenheimer reissued a “buy” rating and issued a $20.00 price objective on shares of Solaris Oilfield Infrastructure in a report on Monday, November 6th. Citigroup lowered Solaris Oilfield Infrastructure to a “market perform” rating in a report on Wednesday, October 11th. They noted that the move was a valuation call. Raymond James Financial lowered Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 11th. Finally, Imperial Capital reissued an “outperform” rating and issued a $26.00 price objective on shares of Solaris Oilfield Infrastructure in a report on Wednesday, January 24th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $20.04.

Shares of Solaris Oilfield Infrastructure (SOI) opened at $17.77 on Thursday. Solaris Oilfield Infrastructure has a twelve month low of $9.90 and a twelve month high of $23.98. The firm has a market capitalization of $829.54 and a PE ratio of 80.77. The company has a quick ratio of 6.78, a current ratio of 7.44 and a debt-to-equity ratio of 0.06.

In other Solaris Oilfield Infrastructure news, insider Cynthia M. Durrett sold 53,873 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total value of $810,249.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kyle S. Ramachandran sold 140,048 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total value of $2,106,321.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,985,914 shares of company stock valued at $103,644,667.

A number of hedge funds and other institutional investors have recently modified their holdings of SOI. Schwab Charles Investment Management Inc. bought a new stake in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at about $198,000. Bank of New York Mellon Corp bought a new stake in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at about $332,000. Wells Fargo & Company MN bought a new stake in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at about $1,521,000. Alliancebernstein L.P. bought a new stake in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at about $125,000. Finally, Teachers Advisors LLC bought a new stake in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at about $203,000. Institutional investors and hedge funds own 56.72% of the company’s stock.

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Solaris Oilfield Infrastructure Company Profile

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.

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

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