Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 382,515 shares, a decline of 73.0% from the July 31st total of 1,417,890 shares. Currently, 3.8% of the company’s shares are short sold. Based on an average daily trading volume, of 178,207 shares, the short-interest ratio is currently 2.1 days.

Institutional investors have recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC acquired a new position in Solaris Oilfield Infrastructure during the second quarter valued at $17,799,000. Schroder Investment Management Group purchased a new position in Solaris Oilfield Infrastructure during the second quarter worth approximately $10,623,000. Jennison Associates LLC purchased a new position in Solaris Oilfield Infrastructure during the second quarter worth approximately $8,818,000. Hodges Capital Management Inc. purchased a new position in Solaris Oilfield Infrastructure during the second quarter worth approximately $6,284,000. Finally, Balyasny Asset Management LLC purchased a new position in Solaris Oilfield Infrastructure during the second quarter worth approximately $5,725,000.

Shares of Solaris Oilfield Infrastructure (SOI) opened at 14.16 on Friday. Solaris Oilfield Infrastructure has a one year low of $9.90 and a one year high of $14.47. The company has a 50-day moving average of $12.89 and a 200 day moving average of $12.10. The stock has a market capitalization of $154.40 million and a price-to-earnings ratio of 49.17.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Monday, August 14th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.34. The business had revenue of $13.39 million for the quarter, compared to analysts’ expectations of $12.36 million. The company’s revenue was up 349.9% compared to the same quarter last year. Equities research analysts forecast that Solaris Oilfield Infrastructure will post $0.53 earnings per share for the current fiscal year.

Several analysts recently issued reports on SOI shares. Wells Fargo & Company started coverage on shares of Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued an “outperform” rating on the stock. Oppenheimer Holdings, Inc. started coverage on shares of Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued an “outperform” rating and a $15.00 price objective on the stock. Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Saturday, August 19th. Credit Suisse Group started coverage on shares of Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued an “outperform” rating and a $17.00 price objective on the stock. Finally, Piper Jaffray Companies started coverage on shares of Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued an “overweight” rating and a $15.50 price objective on the stock. Thirteen equities research analysts have rated the stock with a buy rating, Solaris Oilfield Infrastructure has an average rating of “Buy” and an average target price of $16.20.

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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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