Solaris Oilfield Infrastructure, Inc. (SOI) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) issued its earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02), Briefing.com reports. The firm had revenue of $18.50 million for the quarter, compared to analyst estimates of $17.14 million. The company’s quarterly revenue was down 99.6% on a year-over-year basis.
Shares of Solaris Oilfield Infrastructure (NYSE SOI) traded down $0.11 on Friday, reaching $15.96. 480,868 shares of the company’s stock were exchanged, compared to its average volume of 173,712. The company has a current ratio of 13.89, a quick ratio of 13.20 and a debt-to-equity ratio of 0.06.
COPYRIGHT VIOLATION NOTICE: “Solaris Oilfield Infrastructure, Inc. (SOI) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/11/04/solaris-oilfield-infrastructure-inc-soi-posts-quarterly-earnings-results-misses-expectations-by-0-02-eps.html.
Several analysts have recently weighed in on SOI shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $15.50 target price on shares of Solaris Oilfield Infrastructure in a report on Thursday, August 3rd. Seaport Global Securities reiterated a “buy” rating on shares of Solaris Oilfield Infrastructure in a research note on Thursday, July 20th. Johnson Rice reiterated a “buy” rating and issued a $19.00 price objective on shares of Solaris Oilfield Infrastructure in a research note on Monday, September 11th. Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Saturday, August 19th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Solaris Oilfield Infrastructure in a research note on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $17.36.
A hedge fund recently bought a new stake in Solaris Oilfield Infrastructure stock. State Street Corp acquired a new stake in shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 115,411 shares of the company’s stock, valued at approximately $1,330,000. State Street Corp owned approximately 1.07% of Solaris Oilfield Infrastructure at the end of the most recent quarter. 58.17% of the stock is currently owned by institutional investors and hedge funds.
About Solaris Oilfield Infrastructure
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.
Receive News & Ratings for Solaris Oilfield Infrastructure Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaris Oilfield Infrastructure Inc. and related companies with MarketBeat.com's FREE daily email newsletter.