Solaris Oilfield Infrastructure (NYSE:SOI) Coverage Initiated by Analysts at Citigroup

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Research analysts at Citigroup initiated coverage on shares of Solaris Oilfield Infrastructure (NYSE:SOI) in a research report issued on Tuesday, Marketbeat reports. The brokerage set a “neutral” rating and a $15.00 price target on the stock. Citigroup‘s price target suggests a potential upside of 16.10% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. B. Riley set a $26.00 price objective on Abercrombie & Fitch and gave the stock a “hold” rating in a report on Wednesday, June 5th. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. TheStreet cut Weibo from a “b-” rating to a “c+” rating in a report on Friday, May 31st. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Cowen reiterated a “hold” rating on shares of PTC Therapeutics in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.61.

NYSE SOI opened at $12.92 on Tuesday. Solaris Oilfield Infrastructure has a fifty-two week low of $10.50 and a fifty-two week high of $19.31. The company has a current ratio of 2.47, a quick ratio of 2.08 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $14.70. The stock has a market cap of $638.62 million, a PE ratio of 7.64 and a beta of 1.78.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.46 earnings per share for the quarter, topping the 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 business had revenue of $55.12 million during the quarter, compared to analysts’ expectations of $54.31 million. During the same quarter last year, the business posted $0.31 EPS. The business’s revenue was up 53.0% on a year-over-year basis. Equities analysts forecast that Solaris Oilfield Infrastructure will post 1.91 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd lifted its position in shares of Solaris Oilfield Infrastructure by 104.7% in the second quarter. WINTON GROUP Ltd now owns 22,966 shares of the company’s stock worth $344,000 after buying an additional 11,746 shares in the last quarter. FMR LLC bought a new stake in Solaris Oilfield Infrastructure during the first quarter worth approximately $36,498,000. Marshall Wace LLP increased its stake in Solaris Oilfield Infrastructure by 162.5% during the first quarter. Marshall Wace LLP now owns 207,241 shares of the company’s stock worth $3,407,000 after acquiring an additional 128,281 shares during the last quarter. HITE Hedge Asset Management LLC bought a new stake in Solaris Oilfield Infrastructure during the first quarter worth approximately $724,000. Finally, Citigroup Inc. increased its stake in Solaris Oilfield Infrastructure by 69.6% during the first quarter. Citigroup Inc. now owns 449,731 shares of the company’s stock worth $7,394,000 after acquiring an additional 184,636 shares during the last quarter. Institutional investors own 63.28% 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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Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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