Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) has been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $16.80.

A number of research firms have recently issued reports on SOI. Wunderlich began coverage on Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued a “buy” rating and a $17.00 target price on the stock. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $16.00 target price (up previously from $15.00) on shares of Solaris Oilfield Infrastructure in a report on Thursday, August 10th. Piper Jaffray Companies began coverage on Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued an “overweight” rating and a $15.50 target price on the stock. Wells Fargo & Company began coverage on Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued an “outperform” rating on the stock. Finally, Imperial Capital began coverage on Solaris Oilfield Infrastructure in a report on Friday, August 18th. They issued an “outperform” rating and a $17.00 target price on the stock.

Solaris Oilfield Infrastructure (NYSE SOI) traded up 1.66% during midday trading on Friday, reaching $15.96. The company’s stock had a trading volume of 236,077 shares. Solaris Oilfield Infrastructure has a 12-month low of $9.90 and a 12-month high of $16.28. The stock has a market cap of $174.03 million and a P/E ratio of 55.42. The stock’s 50 day moving average is $13.63 and its 200 day moving average is $12.47.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Monday, August 14th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.34. The company had revenue of $13.39 million during the quarter, compared to analyst estimates of $12.36 million. Solaris Oilfield Infrastructure’s quarterly revenue was up 349.9% compared to the same quarter last year. Analysts anticipate that Solaris Oilfield Infrastructure will post $0.53 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in SOI. Gilder Gagnon Howe & Co. LLC acquired a new position in Solaris Oilfield Infrastructure during the second quarter worth $17,799,000. Schroder Investment Management Group acquired a new position in Solaris Oilfield Infrastructure during the second quarter worth $10,623,000. Jennison Associates LLC acquired a new position in Solaris Oilfield Infrastructure during the second quarter worth $8,818,000. Hodges Capital Management Inc. acquired a new position in Solaris Oilfield Infrastructure during the second quarter worth $6,284,000. Finally, Balyasny Asset Management LLC acquired a new position in Solaris Oilfield Infrastructure during the second quarter worth $5,725,000. 59.23% of the stock is currently 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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