Zacks Investment Research downgraded shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) from a buy rating to a hold rating in a report released on Thursday.

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. “

Several other research analysts also recently issued reports on SOI. UBS AG started coverage on Solaris Oilfield Infrastructure in a research note on Wednesday, July 19th. They issued an outperform rating for the company. Raymond James Financial, Inc. started coverage on Solaris Oilfield Infrastructure in a research note on Thursday, July 20th. They issued an outperform rating for the company. Seaport Global Securities reaffirmed a buy rating on shares of Solaris Oilfield Infrastructure in a research note on Thursday, July 20th. Piper Jaffray Companies reaffirmed a buy rating and issued a $15.50 price objective on shares of Solaris Oilfield Infrastructure in a research note on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $16.00 price objective (up previously from $15.00) on shares of Solaris Oilfield Infrastructure in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Solaris Oilfield Infrastructure presently has a consensus rating of Buy and an average price target of $17.68.

Solaris Oilfield Infrastructure (NYSE SOI) traded up $0.26 during trading on Thursday, hitting $15.22. The stock had a trading volume of 299,010 shares, compared to its average volume of 264,586. Solaris Oilfield Infrastructure has a one year low of $9.90 and a one year high of $18.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.44 and a quick ratio of 6.78.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). Solaris Oilfield Infrastructure had a net margin of 18.84% and a return on equity of 10.16%. The firm had revenue of $18.50 million during the quarter, compared to analyst estimates of $17.14 million. The firm’s quarterly revenue was down 99.6% compared to the same quarter last year. sell-side analysts predict that Solaris Oilfield Infrastructure will post 0.52 EPS for the current fiscal year.

WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/18/solaris-oilfield-infrastructure-inc-soi-lowered-to-hold-at-zacks-investment-research.html.

In other Solaris Oilfield Infrastructure news, Director W Howard Keenan, Jr. sold 2,660,201 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total transaction of $40,009,423.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Cynthia M. Durrett sold 53,873 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total value of $810,249.92. The disclosure for this sale can be found here. Insiders sold 3,925,926 shares of company stock worth $59,045,927 over the last quarter.

Institutional investors have recently bought and sold shares of the business. ClariVest Asset Management LLC bought a new position in shares of Solaris Oilfield Infrastructure during the 3rd quarter worth approximately $146,000. Sei Investments Co. bought a new position in shares of Solaris Oilfield Infrastructure during the 3rd quarter worth approximately $152,000. New York State Common Retirement Fund bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth approximately $123,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Solaris Oilfield Infrastructure during the 3rd quarter worth approximately $187,000. Finally, Alliancebernstein L.P. bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth approximately $125,000. Hedge funds and other institutional investors own 58.69% of the company’s stock.

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)

Receive News & Stock Ratings for Solaris Oilfield Infrastructure Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaris Oilfield Infrastructure Inc. and related stocks with our FREE daily email newsletter.