Solaris Oilfield Infrastructure’s (NYSE:SOI) lock-up period will expire on Wednesday, November 8th. Solaris Oilfield Infrastructure had issued 10,100,000 shares in its initial public offering on May 12th. The total size of the offering was $121,200,000 based on an initial share price of $12.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Several brokerages have recently issued reports on SOI. Raymond James Financial, Inc. began coverage on Solaris Oilfield Infrastructure in a research note on Thursday, July 20th. They issued an “outperform” rating on the stock. Imperial Capital began coverage on Solaris Oilfield Infrastructure in a research note on Friday, August 18th. They issued an “outperform” rating and a $17.00 price objective on the stock. Seaport Global Securities reiterated a “buy” rating on shares of Solaris Oilfield Infrastructure in a research note on Thursday, July 20th. Piper Jaffray Companies reiterated a “buy” rating and issued a $15.50 price objective on shares of Solaris Oilfield Infrastructure in a research note on Thursday, August 3rd. Finally, Citigroup Inc. cut Solaris Oilfield Infrastructure to a “market perform” rating in a research note on Wednesday, October 11th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.36.

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Shares of Solaris Oilfield Infrastructure (SOI) traded down 0.63% during mid-day trading on Wednesday, hitting $15.86. The stock had a trading volume of 49,302 shares. The stock has a market cap of $172.94 million and a P/E ratio of 55.07. The company’s 50 day moving average price is $16.26 and its 200 day moving average price is $13.48. Solaris Oilfield Infrastructure has a 12-month low of $9.90 and a 12-month high of $17.72.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings data on Monday, August 14th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.34. The firm had revenue of $13.39 million during the quarter, compared to analyst estimates of $12.36 million. The company’s quarterly revenue was up 349.9% on a year-over-year basis. Equities research analysts predict that Solaris Oilfield Infrastructure will post $0.54 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $123,000. Alliancebernstein L.P. acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $125,000. Parametric Portfolio Associates LLC acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $125,000. Oppenheimer & Co. Inc. acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $173,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $198,000. Hedge funds and other institutional investors own 58.17% of the company’s stock.

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.

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