Solaris Oilfield Infrastructure (NYSE:SOI) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Solaris Oilfield Infrastructure (NYSE:SOI) issued its quarterly earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03, reports. The company had revenue of $67.89 million during the quarter, compared to analysts’ expectations of $63.55 million. Solaris Oilfield Infrastructure had a net margin of 7.58% and a return on equity of 10.80%.

Solaris Oilfield Infrastructure Stock Performance

SOI stock opened at $9.64 on Friday. The stock’s 50 day simple moving average is $8.47 and its 200 day simple moving average is $8.38. The company has a current ratio of 1.80, a quick ratio of 1.63 and a debt-to-equity ratio of 0.33. Solaris Oilfield Infrastructure has a 12-month low of $6.59 and a 12-month high of $11.32. The stock has a market capitalization of $414.62 million, a PE ratio of 14.18 and a beta of 1.29.

Solaris Oilfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, June 7th will be issued a $0.12 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 4.98%. Solaris Oilfield Infrastructure’s payout ratio is currently 70.59%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Solaris Oilfield Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new position in Solaris Oilfield Infrastructure in the fourth quarter valued at about $1,520,000. GSA Capital Partners LLP increased its stake in shares of Solaris Oilfield Infrastructure by 83.1% in the 3rd quarter. GSA Capital Partners LLP now owns 82,319 shares of the company’s stock worth $878,000 after purchasing an additional 37,362 shares in the last quarter. Alps Advisors Inc. bought a new position in Solaris Oilfield Infrastructure in the 3rd quarter worth $341,000. Barclays PLC raised its holdings in Solaris Oilfield Infrastructure by 11.7% in the 3rd quarter. Barclays PLC now owns 41,059 shares of the company’s stock worth $437,000 after purchasing an additional 4,293 shares during the period. Finally, Strs Ohio lifted its position in Solaris Oilfield Infrastructure by 36.5% during the third quarter. Strs Ohio now owns 51,600 shares of the company’s stock valued at $550,000 after purchasing an additional 13,800 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. TheStreet cut Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Stifel Nicolaus cut their target price on Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd.

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.