Media coverage about Solaris Oilfield Infrastructure (NYSE:SOI) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Solaris Oilfield Infrastructure earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.4747534003004 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Solaris lands transload facility near Kingfisher (enidnews.com)
- Solaris Oilfield Infrastructure Inc (SOI) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- FY2019 Earnings Estimate for Solaris Oilfield Infrastructure Inc (SOI) Issued By Imperial Capital (americanbankingnews.com)
- Seaport Global Securities Analysts Raise Earnings Estimates for Solaris Oilfield Infrastructure Inc (SOI) (americanbankingnews.com)
- Solaris Oilfield Infrastructure, Inc. Announces Fourth Quarter and Full-Year 2017 Results (bizjournals.com)
SOI has been the topic of several analyst reports. Piper Jaffray Companies set a $24.00 target price on Solaris Oilfield Infrastructure and gave the company a “buy” rating in a report on Monday, December 25th. Citigroup upped their target price on Solaris Oilfield Infrastructure to $26.00 and gave the company an “outperform” rating in a report on Friday, January 12th. Imperial Capital increased their price target on Solaris Oilfield Infrastructure to $23.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Finally, Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Thursday, January 11th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.04.
Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings results on Tuesday, March 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $25.20 million for the quarter, compared to the consensus estimate of $24.22 million. Solaris Oilfield Infrastructure had a return on equity of 11.07% and a net margin of 12.50%. The business’s revenue for the quarter was up 245.8% on a year-over-year basis. sell-side analysts expect that Solaris Oilfield Infrastructure will post 1.7 earnings per share for the current fiscal year.
In other news, Director W Howard Keenan, Jr. sold 1,408,388 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $21.65, for a total transaction of $30,491,600.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Solaris Energy Capital, Llc sold 567,444 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $21.65, for a total value of $12,285,162.60. The disclosure for this sale can be found here. Insiders have sold 2,059,988 shares of company stock worth $44,598,740 over the last ninety days.
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.
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