Zacks: Analysts Expect Solaris Oilfield Infrastructure Inc (SOI) Will Announce Quarterly Sales of $23.20 Million

Equities research analysts expect Solaris Oilfield Infrastructure Inc (NYSE:SOI) to post sales of $23.20 million for the current quarter, Zacks reports. Five analysts have made estimates for Solaris Oilfield Infrastructure’s earnings, with the highest sales estimate coming in at $24.58 million and the lowest estimate coming in at $20.25 million. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 1st.

On average, analysts expect that Solaris Oilfield Infrastructure will report full-year sales of $23.20 million for the current year, with estimates ranging from $60.93 million to $66.77 million. For the next financial year, analysts expect that the company will post sales of $164.31 million per share, with estimates ranging from $154.00 million to $169.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Solaris Oilfield Infrastructure.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The company had revenue of $18.50 million for the quarter, compared to analysts’ expectations 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 was down 99.6% on a year-over-year basis.

Several research firms have commented on SOI. Imperial Capital lifted their price target on Solaris Oilfield Infrastructure to $23.00 and gave the company an “outperform” rating in a report on Friday, December 15th. Piper Jaffray Companies restated a “buy” rating and issued a $19.00 price target on shares of Solaris Oilfield Infrastructure in a report on Sunday, November 5th. Oppenheimer restated a “buy” rating and issued a $20.00 price target on shares of Solaris Oilfield Infrastructure in a report on Monday, November 6th. Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday, January 11th. Finally, Citigroup cut Solaris Oilfield Infrastructure to a “market perform” rating in a report on Wednesday, October 11th. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Solaris Oilfield Infrastructure currently has a consensus rating of “Buy” and a consensus price target of $19.79.

Shares of Solaris Oilfield Infrastructure (NYSE:SOI) opened at $20.90 on Monday. Solaris Oilfield Infrastructure has a 52-week low of $9.90 and a 52-week high of $23.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.44 and a quick ratio of 6.78.

In other news, Director W Howard Keenan, Jr. sold 2,660,201 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total transaction of $40,009,423.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 1,408,388 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $21.65, for a total value of $30,491,600.20. The disclosure for this sale can be found here. Insiders have sold a total of 5,985,914 shares of company stock valued at $103,644,667 in the last quarter.

Several large investors have recently modified their holdings of SOI. New York State Common Retirement Fund purchased a new stake in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth about $123,000. Alliancebernstein L.P. acquired a new position in Solaris Oilfield Infrastructure during the 2nd quarter worth approximately $125,000. Parametric Portfolio Associates LLC acquired a new position in Solaris Oilfield Infrastructure during the 2nd quarter worth approximately $125,000. ClariVest Asset Management LLC acquired a new position in Solaris Oilfield Infrastructure during the 3rd quarter worth approximately $146,000. Finally, Sei Investments Co. acquired a new position in Solaris Oilfield Infrastructure during the 3rd quarter worth approximately $152,000. Institutional investors and hedge funds own 56.36% of the company’s stock.

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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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