Solaris Oilfield Infrastructure (SOI) Shares Down 5.2%

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Solaris Oilfield Infrastructure Inc (NYSE:SOI) shares fell 5.2% on Friday . The stock traded as low as $17.14 and last traded at $17.19. 617,916 shares traded hands during trading, an increase of 28% from the average session volume of 482,400 shares. The stock had previously closed at $18.13.

Several research firms recently weighed in on SOI. TheStreet raised Solaris Oilfield Infrastructure from a “c” rating to a “b-” rating in a research report on Monday. Cowen reissued an “outperform” rating and set a $21.00 price target (up from $20.00) on shares of Solaris Oilfield Infrastructure in a research report on Thursday, May 2nd. B. Riley initiated coverage on Solaris Oilfield Infrastructure in a research report on Wednesday, March 13th. They set a “buy” rating and a $21.00 price target on the stock. Goldman Sachs Group initiated coverage on Solaris Oilfield Infrastructure in a report on Sunday, March 10th. They issued a “neutral” rating and a $20.00 target price on the stock. Finally, Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Solaris Oilfield Infrastructure presently has an average rating of “Buy” and an average target price of $19.94.

The company has a market cap of $840.86 million, a price-to-earnings ratio of 10.17 and a beta of 1.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.08 and a current ratio of 2.47.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. Solaris Oilfield Infrastructure had a net margin of 22.57% and a return on equity of 29.34%. The business had revenue of $55.12 million for the quarter, compared to the consensus estimate of $54.31 million. During the same period in the prior year, the business posted $0.31 earnings per share. Solaris Oilfield Infrastructure’s revenue for the quarter was up 53.0% compared to the same quarter last year. As a group, equities research analysts expect that Solaris Oilfield Infrastructure Inc will post 1.93 earnings per share for the current year.

In related news, Director James R. Burke sold 8,809 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $16.76, for a total value of $147,638.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Yorktown Energy Partners X, L. sold 2,000,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $15.58, for a total value of $31,160,000.00. The disclosure for this sale can be found here. Corporate insiders own 14.18% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Solaris Oilfield Infrastructure by 5.1% during the first quarter. US Bancorp DE now owns 14,780 shares of the company’s stock worth $244,000 after buying an additional 722 shares during the last quarter. Advisor Group Inc. increased 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 acquiring an additional 959 shares during the last quarter. Two Sigma Advisers LP increased 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 acquiring an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. increased 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 acquiring an additional 1,171 shares during the last quarter. Finally, Bank of Montreal Can increased 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 acquiring an additional 1,371 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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Solaris Oilfield Infrastructure Company Profile (NYSE:SOI)

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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