Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) was downgraded by stock analysts at Raymond James Financial, Inc. from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday.

SOI has been the topic of several other reports. Zacks Investment Research cut shares of Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. UBS AG began coverage on shares of Solaris Oilfield Infrastructure in a research note on Wednesday, July 19th. They set an “outperform” rating on the stock. Johnson Rice reissued a “buy” rating and set a $19.00 price target on shares of Solaris Oilfield Infrastructure in a research note on Monday, September 11th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $16.00 price target (up from $15.00) on shares of Solaris Oilfield Infrastructure in a research note on Thursday, August 10th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $15.50 price target on shares of Solaris Oilfield Infrastructure in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.36.

Shares of Solaris Oilfield Infrastructure (NYSE:SOI) traded down 6.74% during trading on Wednesday, hitting $15.91. The stock had a trading volume of 154,355 shares. The stock has a market cap of $173.48 million and a price-to-earnings ratio of 55.24. Solaris Oilfield Infrastructure has a one year low of $9.90 and a one year high of $17.72. The stock’s 50-day moving average price is $15.71 and its 200 day moving average price is $13.21.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings data 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 firm had revenue of $13.39 million for the quarter, compared to the consensus estimate of $12.36 million. The firm’s revenue for the quarter was up 349.9% compared to the same quarter last year. On average, equities analysts forecast that Solaris Oilfield Infrastructure will post $0.54 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in the business. Gilder Gagnon Howe & Co. LLC acquired a new stake in Solaris Oilfield Infrastructure in the second quarter worth $17,799,000. Schroder Investment Management Group acquired a new stake in Solaris Oilfield Infrastructure in the second quarter worth $10,623,000. Jennison Associates LLC acquired a new stake in Solaris Oilfield Infrastructure in the second quarter worth $8,818,000. Hodges Capital Management Inc. acquired a new stake in Solaris Oilfield Infrastructure in the second quarter worth $6,284,000. Finally, Balyasny Asset Management LLC acquired a new stake in Solaris Oilfield Infrastructure in the second quarter worth $5,725,000. 59.23% of the stock is currently owned by hedge funds and other institutional investors.

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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