Solaris Oilfield Infrastructure Inc (NYSE:SOI) – Piper Jaffray Companies raised their Q3 2018 earnings estimates for shares of Solaris Oilfield Infrastructure in a research report issued to clients and investors on Tuesday, August 7th. Piper Jaffray Companies analyst J. Watson now forecasts that the company will earn $0.53 per share for the quarter, up from their prior estimate of $0.48.

Several other research firms also recently commented on SOI. Zacks Investment Research downgraded shares of Solaris Oilfield Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 9th. Seaport Global Securities restated a “buy” rating on shares of Solaris Oilfield Infrastructure in a research note on Monday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $23.00.

Solaris Oilfield Infrastructure opened at $17.22 on Friday, MarketBeat reports. Solaris Oilfield Infrastructure has a one year low of $11.71 and a one year high of $23.98. The firm has a market capitalization of $793.19 million, a price-to-earnings ratio of 15.98 and a beta of 0.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 2.26.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Solaris Oilfield Infrastructure had a net margin of 15.78% and a return on equity of 18.91%. The firm had revenue of $47.20 million for the quarter, compared to the consensus estimate of $44.85 million. During the same period in the previous year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 252.2% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in SOI. Group One Trading L.P. bought a new stake in Solaris Oilfield Infrastructure during the first quarter worth about $138,000. Metropolitan Life Insurance Co. NY bought a new stake in Solaris Oilfield Infrastructure during the fourth quarter worth about $143,000. Violich Capital Management Inc. bought a new stake in Solaris Oilfield Infrastructure during the first quarter worth about $176,000. US Bancorp DE lifted its position in Solaris Oilfield Infrastructure by 847.1% during the second quarter. US Bancorp DE now owns 13,875 shares of the company’s stock worth $199,000 after purchasing an additional 12,410 shares during the period. Finally, MetLife Investment Advisors LLC bought a new stake in Solaris Oilfield Infrastructure during the fourth quarter worth about $205,000. Institutional investors and hedge funds own 72.78% of the company’s stock.

In other Solaris Oilfield Infrastructure news, CFO Kyle S. Ramachandran purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were acquired at an average cost of $16.17 per share, for a total transaction of $80,850.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William A. Zartler purchased 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was acquired at an average price of $16.17 per share, for a total transaction of $97,020.00. The disclosure for this purchase can be found here. Corporate insiders own 14.44% of the company’s stock.

About Solaris Oilfield Infrastructure

Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.

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Earnings History and Estimates for Solaris Oilfield Infrastructure (NYSE:SOI)

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