Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) from a hold rating to a buy rating in a research report released on Friday. Zacks Investment Research currently has $20.00 price target on the stock.

According to Zacks, “Solaris Oilfield Infrastructure, Inc. manufactures and provides patented mobile proppant management systems which unload, store and deliver proppant at oil and natural gas well sites and its systems are deployed in many of the most active oil and natural gas basins in the United States, including the Permian Basin, the Eagle Ford Shale and the SCOOP/STACK formation. Solaris Oilfield Infrastructure, Inc. is based in Houston, United States. “

Other research analysts also recently issued research reports about the stock. Raymond James Financial, Inc. began coverage on shares of Solaris Oilfield Infrastructure in a report on Thursday, July 20th. They set an outperform rating for the company. Evercore ISI began coverage on shares of Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They set an outperform rating and a $17.00 price objective for the company. Imperial Capital began coverage on shares of Solaris Oilfield Infrastructure in a report on Friday, August 18th. They set an outperform rating and a $17.00 price objective for the company. Goldman Sachs Group, Inc. (The) began coverage on shares of Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They set a buy rating and a $20.50 price objective for the company. Finally, Oppenheimer Holdings, Inc. began coverage on shares of Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They set an outperform rating and a $15.00 price objective for the company. Fourteen equities research analysts have rated the stock with a buy rating, Solaris Oilfield Infrastructure currently has an average rating of Buy and a consensus target price of $17.00.

Solaris Oilfield Infrastructure (SOI) traded down 0.40% during midday trading on Friday, reaching $17.43. The company had a trading volume of 105,208 shares. The firm has a 50-day moving average price of $13.81 and a 200-day moving average price of $12.55. The company has a market capitalization of $190.06 million and a price-to-earnings ratio of 60.52. Solaris Oilfield Infrastructure has a 52 week low of $9.90 and a 52 week high of $17.50.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Monday, August 14th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.07 by $0.34. The company had revenue of $13.39 million for the quarter, compared to the consensus estimate of $12.36 million. Solaris Oilfield Infrastructure’s revenue was up 349.9% on a year-over-year basis. Analysts expect that Solaris Oilfield Infrastructure will post $0.53 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $17,799,000. Schroder Investment Management Group purchased a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $10,623,000. Jennison Associates LLC purchased a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $8,818,000. Hodges Capital Management Inc. purchased a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $6,284,000. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $5,725,000. 59.23% of the stock is currently owned by institutional investors and hedge funds.

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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