Solaris Oilfield Infrastructure Inc (NYSE:SOI) Expected to Earn Q2 2019 Earnings of $0.45 Per Share

Solaris Oilfield Infrastructure Inc (NYSE:SOI) – Equities research analysts at Piper Jaffray Companies dropped their Q2 2019 earnings estimates for Solaris Oilfield Infrastructure in a research report issued on Tuesday, July 9th. Piper Jaffray Companies analyst J. Watson now forecasts that the company will post earnings of $0.45 per share for the quarter, down from their prior estimate of $0.46. Piper Jaffray Companies also issued estimates for Solaris Oilfield Infrastructure’s FY2019 earnings at $1.76 EPS, Q2 2020 earnings at $0.45 EPS and FY2020 earnings at $1.76 EPS.

SOI has been the subject of a number of other reports. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Cowen reiterated a “hold” rating on shares of PTC Therapeutics in a research report on Thursday, May 2nd. B. Riley set a $26.00 price objective on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Wednesday, June 5th. TheStreet lowered Weibo from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. Finally, Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Solaris Oilfield Infrastructure currently has a consensus rating of “Buy” and an average price target of $20.19.

Shares of NYSE:SOI opened at $14.33 on Friday. Solaris Oilfield Infrastructure has a twelve month low of $10.50 and a twelve month high of $19.31. The firm has a market capitalization of $668.60 million, a price-to-earnings ratio of 8.48 and a beta of 1.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.08 and a current ratio of 2.47. The firm has a fifty day simple moving average of $14.79.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its earnings results on Tuesday, April 30th. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. Solaris Oilfield Infrastructure had a return on equity of 29.34% and a net margin of 22.57%. The company had revenue of $55.12 million during the quarter, compared to analyst estimates of $54.31 million. During the same period last year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was up 53.0% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Thursday, June 13th. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is currently 23.67%.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. lifted its holdings in shares of Solaris Oilfield Infrastructure by 16.5% during the 4th quarter. Advisor Group Inc. now owns 6,761 shares of the company’s stock valued at $81,000 after purchasing an additional 959 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Solaris Oilfield Infrastructure by 3.3% during the 4th quarter. Two Sigma Advisers LP now owns 31,300 shares of the company’s stock valued at $378,000 after purchasing an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Solaris Oilfield Infrastructure by 107.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,257 shares of the company’s stock valued at $37,000 after purchasing an additional 1,171 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Solaris Oilfield Infrastructure by 36.6% during the 1st quarter. Bank of Montreal Can now owns 5,118 shares of the company’s stock valued at $84,000 after purchasing an additional 1,371 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Solaris Oilfield Infrastructure by 80.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,078 shares of the company’s stock valued at $166,000 after purchasing an additional 4,494 shares in the last quarter. Hedge funds and other institutional investors own 63.26% of the company’s stock.

About Solaris Oilfield Infrastructure

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

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