Shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) have been assigned a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.80.

A number of equities research analysts have issued reports on the company. UBS AG assumed coverage on Solaris Oilfield Infrastructure in a research note on Wednesday, July 19th. They issued an “outperform” rating on the stock. Imperial Capital assumed coverage on Solaris Oilfield Infrastructure in a research note on Friday, August 18th. They issued an “outperform” rating and a $17.00 target price on the stock. Seaport Global Securities reiterated a “buy” rating on shares of Solaris Oilfield Infrastructure in a research note on Thursday, July 20th. Raymond James Financial, Inc. assumed coverage on Solaris Oilfield Infrastructure in a research note on Thursday, July 20th. They issued an “outperform” rating on the stock. Finally, Citigroup Inc. cut Solaris Oilfield Infrastructure to a “market perform” rating in a research note on Wednesday. They noted that the move was a valuation call.

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Institutional investors and hedge funds have recently modified their holdings of the company. Jennison Associates LLC acquired a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at $8,818,000. Schroder Investment Management Group acquired a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at $10,623,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at $3,459,000. Hodges Capital Management Inc. acquired a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at $6,284,000. Finally, Balyasny Asset Management LLC acquired a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at $5,725,000. 59.23% of the stock is currently owned by institutional investors.

Shares of Solaris Oilfield Infrastructure (SOI) traded down 6.68% during trading on Wednesday, hitting $15.92. 139,869 shares of the stock were exchanged. Solaris Oilfield Infrastructure has a 12-month low of $9.90 and a 12-month high of $17.72. The company has a market cap of $173.59 million and a price-to-earnings ratio of 55.28. The firm has a 50 day moving average of $15.71 and a 200-day moving average of $13.21.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Monday, August 14th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.34. The company had revenue of $13.39 million during the quarter, compared to the consensus estimate of $12.36 million. The company’s revenue for the quarter was up 349.9% compared to the same quarter last year. On average, analysts forecast that Solaris Oilfield Infrastructure will post $0.54 earnings per share for the current year.

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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