Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Announces Quarterly Dividend of $0.12

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Friday, June 7th will be given a dividend of 0.12 per share on Monday, June 17th. This represents a $0.48 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Friday, June 7th.

Solaris Oilfield Infrastructure has raised its dividend by an average of 2.3% per year over the last three years and has raised its dividend every year for the last 1 years. Solaris Oilfield Infrastructure has a dividend payout ratio of 53.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Solaris Oilfield Infrastructure to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 66.7%.

Solaris Oilfield Infrastructure Price Performance

SOI opened at $9.64 on Friday. The stock has a market cap of $414.62 million, a price-to-earnings ratio of 14.17 and a beta of 1.29. Solaris Oilfield Infrastructure has a 1 year low of $6.59 and a 1 year high of $11.32. The company has a current ratio of 1.80, a quick ratio of 1.63 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $8.47 and a 200 day moving average price of $8.40.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $67.89 million during the quarter, compared to analysts’ expectations of $63.55 million. Solaris Oilfield Infrastructure had a return on equity of 10.80% and a net margin of 7.58%. Analysts forecast that Solaris Oilfield Infrastructure will post 0.52 EPS for the current fiscal year.

Insider Activity at Solaris Oilfield Infrastructure

In related news, insider Christopher M. Powell sold 17,500 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $8.50, for a total transaction of $148,750.00. Following the transaction, the insider now directly owns 130,202 shares in the company, valued at $1,106,717. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 34.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on SOI shares. Stifel Nicolaus reduced their price objective on Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, January 3rd. TheStreet lowered Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th.

Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.