Zacks: Analysts Expect Solaris Oilfield Infrastructure Inc (SOI) Will Announce Earnings of $0.20 Per Share

Analysts expect Solaris Oilfield Infrastructure Inc (NYSE:SOI) to report earnings of $0.20 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Solaris Oilfield Infrastructure’s earnings, with estimates ranging from $0.17 to $0.26. The firm is scheduled to report its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Solaris Oilfield Infrastructure will report full year earnings of $0.53 per share for the current year, with EPS estimates ranging from $0.45 to $0.59. For the next financial year, analysts anticipate that the company will post earnings of $1.58 per share, with EPS estimates ranging from $1.28 to $2.01. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Solaris Oilfield Infrastructure.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $18.50 million for the quarter, compared to analyst estimates of $17.14 million. Solaris Oilfield Infrastructure had a return on equity of 10.16% and a net margin of 18.84%. The company’s revenue for the quarter was down 99.6% on a year-over-year basis.

A number of analysts have weighed in on SOI shares. Citigroup lowered shares of Solaris Oilfield Infrastructure to a “market perform” rating in a research report on Wednesday, October 11th. They noted that the move was a valuation call. Piper Jaffray Companies set a $24.00 target price on shares of Solaris Oilfield Infrastructure and gave the company a “buy” rating in a research report on Monday, December 25th. Imperial Capital raised their target price on shares of Solaris Oilfield Infrastructure to $23.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. Zacks Investment Research lowered shares of Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Finally, Oppenheimer restated a “buy” rating and issued a $20.00 target price (up previously from $16.00) on shares of Solaris Oilfield Infrastructure in a research report on Monday, October 9th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Solaris Oilfield Infrastructure presently has a consensus rating of “Buy” and a consensus price target of $19.79.

In other news, insider Cynthia M. Durrett sold 53,873 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total transaction of $810,249.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Solaris Energy Capital, Llc sold 567,444 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $21.65, for a total transaction of $12,285,162.60. The disclosure for this sale can be found here. Insiders have sold 5,985,914 shares of company stock valued at $103,644,667 in the last ninety days.

Hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at about $123,000. Alliancebernstein L.P. purchased a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth approximately $125,000. Parametric Portfolio Associates LLC purchased a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth approximately $125,000. ClariVest Asset Management LLC purchased a new position in Solaris Oilfield Infrastructure in the 3rd quarter worth approximately $146,000. Finally, Sei Investments Co. purchased a new position in Solaris Oilfield Infrastructure in the 3rd quarter worth approximately $152,000. 56.36% of the stock is owned by hedge funds and other institutional investors.

Shares of Solaris Oilfield Infrastructure (NYSE:SOI) traded up $0.10 during trading on Friday, reaching $20.90. 519,398 shares of the company’s stock were exchanged, compared to its average volume of 368,191. Solaris Oilfield Infrastructure has a 1 year low of $9.90 and a 1 year high of $23.98. The company has a current ratio of 7.44, a quick ratio of 6.78 and a debt-to-equity ratio of 0.06.

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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.

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Earnings History and Estimates for Solaris Oilfield Infrastructure (NYSE:SOI)

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