Solaris Oilfield Infrastructure Inc (SOI) Receives Consensus Rating of “Buy” from Brokerages

Shares of Solaris Oilfield Infrastructure Inc (NYSE:SOI) have been given a consensus recommendation of “Buy” by the fifteen brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $20.68.

Several equities analysts have recently commented on the company. Imperial Capital reiterated an “outperform” rating and set a $26.00 target price on shares of Solaris Oilfield Infrastructure in a research note on Wednesday, January 24th. Citigroup increased their target price on Solaris Oilfield Infrastructure to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Zacks Investment Research upgraded 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 Solaris Oilfield Infrastructure and gave the company a “buy” rating in a research note on Monday, December 25th. Finally, 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.

In related news, Director W Howard Keenan, Jr. sold 2,660,201 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total transaction of $40,009,423.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Cynthia M. Durrett sold 53,873 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total value of $810,249.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,985,914 shares of company stock worth $103,644,667.

A number of hedge funds and other institutional investors have recently modified their holdings of SOI. Schwab Charles Investment Management Inc. acquired a new stake in Solaris Oilfield Infrastructure in the second quarter worth $198,000. Bank of New York Mellon Corp acquired a new stake in Solaris Oilfield Infrastructure in the second quarter worth $332,000. Wells Fargo & Company MN acquired a new stake in Solaris Oilfield Infrastructure in the second quarter worth $1,521,000. Alliancebernstein L.P. acquired a new stake in Solaris Oilfield Infrastructure in the second quarter worth $125,000. Finally, Teachers Advisors LLC acquired a new stake in Solaris Oilfield Infrastructure in the second quarter worth $203,000. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Oilfield Infrastructure (NYSE SOI) opened at $17.30 on Tuesday. The company has a market capitalization of $793.13 and a P/E ratio of 78.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.78 and a current ratio of 7.44. Solaris Oilfield Infrastructure has a one year low of $9.90 and a one year high of $23.98.

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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.

Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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