Analysts Expect Solaris Oilfield Infrastructure Inc (SOI) Will Post Quarterly Sales of $24.17 Million

Brokerages predict that Solaris Oilfield Infrastructure Inc (NYSE:SOI) will report $24.17 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Solaris Oilfield Infrastructure’s earnings, with estimates ranging from $23.56 million to $24.95 million. The business is scheduled to report its next earnings results after the market closes on Tuesday, March 6th.

According to Zacks, analysts expect that Solaris Oilfield Infrastructure will report full-year sales of $24.17 million for the current fiscal year, with estimates ranging from $64.00 million to $67.14 million. For the next fiscal year, analysts expect that the business will report sales of $169.06 million per share, with estimates ranging from $163.00 million to $177.33 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Solaris Oilfield Infrastructure.

Several equities research analysts have recently weighed in on SOI shares. Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Thursday, January 11th. Piper Jaffray Companies set a $24.00 target price on shares of Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research note on Monday, December 25th. Oppenheimer reiterated a “buy” rating and set a $20.00 target price on shares of Solaris Oilfield Infrastructure in a research note on Monday, November 6th. Raymond James Financial downgraded shares of Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 11th. Finally, Citigroup downgraded shares of 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. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.04.

In other Solaris Oilfield Infrastructure news, major shareholder Solaris Energy Capital, Llc sold 567,444 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $21.65, for a total value of $12,285,162.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kyle S. Ramachandran sold 140,048 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total transaction of $2,106,321.92. The disclosure for this sale can be found here. Insiders have sold 5,985,914 shares of company stock valued at $103,644,667 over the last three months.

Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN purchased a new position in Solaris Oilfield Infrastructure in the second quarter valued at about $1,521,000. Dupont Capital Management Corp purchased a new position in Solaris Oilfield Infrastructure in the third quarter valued at about $1,996,000. JPMorgan Chase & Co. purchased a new position in Solaris Oilfield Infrastructure in the third quarter valued at about $748,000. Northern Trust Corp purchased a new position in Solaris Oilfield Infrastructure in the second quarter valued at about $1,300,000. Finally, Lord Abbett & CO. LLC purchased a new position in Solaris Oilfield Infrastructure in the second quarter valued at about $2,847,000. 56.72% of the stock is owned by institutional investors.

Shares of Solaris Oilfield Infrastructure (NYSE:SOI) opened at $17.77 on Thursday. Solaris Oilfield Infrastructure has a 12 month low of $9.90 and a 12 month high of $23.98. The firm has a market cap of $829.54 and a PE ratio of 80.77. 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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