Stock Traders Purchase Large Volume of Call Options on Solaris Oilfield Infrastructure (SOI)

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Solaris Oilfield Infrastructure Inc (NYSE:SOI) saw some unusual options trading activity on Thursday. Stock traders bought 1,026 call options on the company. This represents an increase of 1,199% compared to the typical volume of 79 call options.

Shares of Solaris Oilfield Infrastructure stock opened at $17.05 on Friday. Solaris Oilfield Infrastructure has a 1 year low of $12.97 and a 1 year high of $23.98. The company has a market cap of $792.61 million, a price-to-earnings ratio of 16.05 and a beta of 0.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.26 and a quick ratio of 1.94.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its earnings results on Thursday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $47.20 million during the quarter, compared to analyst estimates of $44.85 million. Solaris Oilfield Infrastructure had a net margin of 15.78% and a return on equity of 18.91%. Solaris Oilfield Infrastructure’s revenue for the quarter was up 252.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share. equities research analysts predict that Solaris Oilfield Infrastructure will post 1.79 earnings per share for the current fiscal year.

SOI has been the subject of a number of analyst reports. Stifel Nicolaus initiated coverage on shares of Solaris Oilfield Infrastructure in a research report on Monday. They issued a “buy” rating and a $20.00 price objective for the company. Seaport Global Securities reiterated a “buy” rating on shares of Solaris Oilfield Infrastructure in a research report on Monday, August 6th. Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Wednesday, August 15th. Finally, ValuEngine lowered shares of Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $22.00.

In other news, Director James R. Burke sold 7,170 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $16.67, for a total value of $119,523.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.44% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fred Alger Management Inc. lifted its holdings in shares of Solaris Oilfield Infrastructure by 166.8% in the 2nd quarter. Fred Alger Management Inc. now owns 2,217,243 shares of the company’s stock worth $31,684,000 after acquiring an additional 1,386,252 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Solaris Oilfield Infrastructure by 42.5% in the 2nd quarter. BlackRock Inc. now owns 1,676,793 shares of the company’s stock worth $23,961,000 after acquiring an additional 499,738 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Solaris Oilfield Infrastructure by 2.8% in the 2nd quarter. Wells Fargo & Company MN now owns 1,301,357 shares of the company’s stock worth $18,597,000 after acquiring an additional 35,954 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Solaris Oilfield Infrastructure by 48.6% in the second quarter. Schroder Investment Management Group now owns 1,145,350 shares of the company’s stock worth $16,172,000 after buying an additional 374,724 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Solaris Oilfield Infrastructure by 0.3% in the first quarter. Victory Capital Management Inc. now owns 1,095,608 shares of the company’s stock worth $18,143,000 after buying an additional 3,366 shares during the period. Hedge funds and other institutional investors own 77.62% of the company’s stock.

About Solaris Oilfield Infrastructure

Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.

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