Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Receives Outperform Rating from Oppenheimer Holdings, Inc.

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)‘s stock had its “outperform” rating reiterated by investment analysts at Oppenheimer Holdings, Inc. in a report issued on Thursday. They currently have a $16.00 price target on the stock, up from their previous price target of $15.00. Oppenheimer Holdings, Inc.’s price target would indicate a potential upside of 25.89% from the company’s current price. Oppenheimer Holdings also issued estimates for Solaris Oilfield Infrastructure’s Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $0.45 EPS, FY2018 earnings at $1.10 EPS and FY2019 earnings at $1.54 EPS.

A number of other brokerages have also commented on SOI. Raymond James Financial, Inc. began coverage on Solaris Oilfield Infrastructure in a report on Thursday, July 20th. They set an “outperform” rating for the company. UBS AG began coverage on Solaris Oilfield Infrastructure in a report on Wednesday, July 19th. They set an “outperform” rating for the company. Seaport Global Securities reissued a “buy” rating on shares of Solaris Oilfield Infrastructure in a report on Thursday, July 20th. Piper Jaffray Companies reissued a “buy” rating and set a $15.50 price objective on shares of Solaris Oilfield Infrastructure in a report on Thursday, August 3rd. Finally, CIBC began coverage on Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They set an “outperform” rating and a $15.00 price objective for the company. Eleven equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $16.38.

Solaris Oilfield Infrastructure (NYSE SOI) traded down 5.11% on Thursday, reaching $12.06. The company’s stock had a trading volume of 92,569 shares. Solaris Oilfield Infrastructure has a 52-week low of $9.90 and a 52-week high of $14.07. The company has a market cap of $129.62 million and a P/E ratio of 16.82. The firm’s 50-day moving average price is $12.20 and its 200 day moving average price is $11.87.

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Hedge funds have recently modified their holdings of the company. Schroder Investment Management Group bought a new stake in shares of Solaris Oilfield Infrastructure during the second quarter worth approximately $10,623,000. Oppenheimer & Co. Inc. bought a new stake in shares of Solaris Oilfield Infrastructure during the second quarter worth approximately $173,000. Boston Private Wealth LLC bought a new stake in shares of Solaris Oilfield Infrastructure during the second quarter worth approximately $323,000. Jennison Associates LLC bought a new stake in shares of Solaris Oilfield Infrastructure during the second quarter worth approximately $8,818,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Solaris Oilfield Infrastructure during the second quarter worth approximately $332,000. 23.73% of the stock is owned by hedge funds and other institutional investors.

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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