Solaris Oilfield Infrastructure Inc (NYSE:SOI) – Imperial Capital issued their Q1 2018 earnings per share estimates for Solaris Oilfield Infrastructure in a research note issued to investors on Thursday. Imperial Capital analyst J. Wangler anticipates that the company will post earnings per share of $0.27 for the quarter. Imperial Capital has a “Outperform” rating and a $26.00 price target on the stock. Imperial Capital also issued estimates for Solaris Oilfield Infrastructure’s Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.55 EPS and FY2018 earnings at $1.66 EPS.
SOI has been the topic of a number of other reports. Zacks Investment Research lowered shares of Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Citigroup increased their price target on shares of Solaris Oilfield Infrastructure to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Finally, Piper Jaffray Companies set a $24.00 price target on shares of Solaris Oilfield Infrastructure and gave the company a “buy” rating in a research report on Monday, December 25th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $20.04.
Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Tuesday, March 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). Solaris Oilfield Infrastructure had a return on equity of 11.07% and a net margin of 12.50%. The business had revenue of $25.20 million for the quarter, compared to analyst estimates of $24.22 million. The firm’s quarterly revenue was up 245.8% on a year-over-year basis.
In related news, insider Cynthia M. Durrett sold 21,219 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $21.65, for a total transaction of $459,391.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kyle S. Ramachandran sold 62,937 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $21.65, for a total value of $1,362,586.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,059,988 shares of company stock valued at $44,598,740.
A number of large investors have recently made changes to their positions in SOI. MetLife Investment Advisors LLC purchased a new stake in Solaris Oilfield Infrastructure during the 4th quarter valued at approximately $205,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of Solaris Oilfield Infrastructure during the 4th quarter worth approximately $143,000. Millennium Management LLC raised its stake in shares of Solaris Oilfield Infrastructure by 59.9% during the 4th quarter. Millennium Management LLC now owns 60,897 shares of the company’s stock worth $1,304,000 after buying an additional 22,823 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Solaris Oilfield Infrastructure by 20.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 128,198 shares of the company’s stock worth $2,745,000 after buying an additional 21,661 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Solaris Oilfield Infrastructure by 70.8% during the 4th quarter. Teachers Advisors LLC now owns 30,040 shares of the company’s stock worth $643,000 after buying an additional 12,456 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.
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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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