Brokerages Set Solaris Oilfield Infrastructure Inc (SOI) Target Price at $20.68

Shares of Solaris Oilfield Infrastructure Inc (NYSE:SOI) have been given an average recommendation of “Buy” by the fifteen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $20.68.

Several analysts have recently issued reports on the company. Imperial Capital reiterated an “outperform” rating and issued a $26.00 price objective on shares of Solaris Oilfield Infrastructure in a research note on Wednesday, January 24th. Zacks Investment Research cut Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Piper Jaffray Companies set a $24.00 price objective on Solaris Oilfield Infrastructure and gave the company a “buy” rating in a research note on Monday, December 25th. Finally, Citigroup increased their price objective on Solaris Oilfield Infrastructure to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 12th.

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Shares of Solaris Oilfield Infrastructure (NYSE:SOI) traded down $0.21 during midday trading on Friday, hitting $16.45. The stock had a trading volume of 295,765 shares, compared to its average volume of 446,333. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.90 and a current ratio of 4.27. Solaris Oilfield Infrastructure has a twelve month low of $9.90 and a twelve month high of $23.98.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings data on Tuesday, March 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $25.20 million during the quarter, compared to analyst estimates of $24.22 million. Solaris Oilfield Infrastructure had a net margin of 12.50% and a return on equity of 11.07%. The company’s quarterly revenue was up 245.8% compared to the same quarter last year. analysts anticipate that Solaris Oilfield Infrastructure will post 1.7 earnings per share for the current year.

In related news, insider Cynthia M. Durrett sold 21,219 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $21.65, for a total value of $459,391.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 1,408,388 shares of the stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $21.65, for a total value of $30,491,600.20. The disclosure for this sale can be found here. Insiders sold 2,059,988 shares of company stock worth $44,598,740 in the last three months.

A number of large investors have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC increased its holdings in Solaris Oilfield Infrastructure by 13.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,705,799 shares of the company’s stock valued at $36,521,000 after buying an additional 196,689 shares during the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of Solaris Oilfield Infrastructure during the fourth quarter worth about $25,053,000. Victory Capital Management Inc. grew its holdings in shares of Solaris Oilfield Infrastructure by 719.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,092,242 shares of the company’s stock worth $23,385,000 after purchasing an additional 959,001 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Solaris Oilfield Infrastructure by 79.5% during the fourth quarter. Hodges Capital Management Inc. now owns 1,035,330 shares of the company’s stock worth $22,166,000 after purchasing an additional 458,630 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Solaris Oilfield Infrastructure by 37.6% during the fourth quarter. BlackRock Inc. now owns 886,359 shares of the company’s stock worth $18,977,000 after purchasing an additional 242,103 shares during the last quarter. 68.00% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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