Analysts expect Solaris Oilfield Infrastructure Inc (NYSE:SOI) to report earnings per share of $0.19 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Solaris Oilfield Infrastructure’s earnings, with estimates ranging from $0.15 to $0.26. The company is expected to report its next earnings results on Thursday, February 8th.
On average, analysts expect that Solaris Oilfield Infrastructure will report full-year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.45 to $0.59. For the next year, analysts expect that the company will post earnings of $1.64 per share, with EPS estimates ranging from $1.37 to $2.01. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Solaris Oilfield Infrastructure.
Several analysts recently commented on SOI shares. Imperial Capital reissued an “outperform” rating and set a $26.00 price objective on shares of Solaris Oilfield Infrastructure in a research report on Wednesday, January 24th. Piper Jaffray Companies reissued a “buy” rating and set a $19.00 price objective on shares of Solaris Oilfield Infrastructure in a research report on Sunday, November 5th. Oppenheimer reissued a “buy” rating and set a $20.00 price objective on shares of Solaris Oilfield Infrastructure in a research report on Monday, November 6th. Citigroup downgraded 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. Finally, Zacks Investment Research downgraded shares of Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Solaris Oilfield Infrastructure has an average rating of “Buy” and a consensus price target of $20.04.
Large investors have recently modified their holdings of the company. New York State Common Retirement Fund bought a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth approximately $123,000. Alliancebernstein L.P. bought a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth approximately $125,000. Parametric Portfolio Associates LLC bought a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth approximately $125,000. ClariVest Asset Management LLC bought a new position in shares of Solaris Oilfield Infrastructure in the 3rd quarter worth approximately $146,000. Finally, Sei Investments Co. bought a new position in shares of Solaris Oilfield Infrastructure in the 3rd quarter worth approximately $152,000. Hedge funds and other institutional investors own 56.72% of the company’s stock.
Solaris Oilfield Infrastructure (NYSE SOI) traded up $0.36 during trading hours on Tuesday, hitting $18.93. 554,885 shares of the stock were exchanged, compared to its average volume of 487,451. The company has a current ratio of 7.44, a quick ratio of 6.78 and a debt-to-equity ratio of 0.06. Solaris Oilfield Infrastructure has a 12-month low of $9.90 and a 12-month high of $23.98.
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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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