Solaris Oilfield Infrastructure (NYSE:SOI) announced its earnings results on Saturday. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01, Fidelity Earnings reports. Solaris Oilfield Infrastructure had a positive return on equity of 3.82% and a negative net margin of 9.17%.
Shares of Solaris Oilfield Infrastructure stock opened at $11.88 on Tuesday. The firm has a market capitalization of $538.53 million, a price-to-earnings ratio of -24.24 and a beta of 2.14. Solaris Oilfield Infrastructure has a fifty-two week low of $4.50 and a fifty-two week high of $12.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.58 and a current ratio of 4.64. The stock has a 50 day moving average of $10.22 and a 200 day moving average of $7.97.
SOI has been the subject of a number of research analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on Solaris Oilfield Infrastructure from $7.00 to $9.60 in a report on Tuesday, December 15th. Smith Barney Citigroup increased their target price on Solaris Oilfield Infrastructure from $7.00 to $9.60 in a report on Tuesday, December 15th. B. Riley increased their target price on Solaris Oilfield Infrastructure from $11.00 to $12.50 and gave the company a “buy” rating in a report on Monday, January 25th. Zacks Investment Research cut Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday, February 11th. Finally, Cowen upped their price target on Solaris Oilfield Infrastructure from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $9.97.
Solaris Oilfield Infrastructure, Inc designs, manufactures, and rents mobile proppant and chemical management systems to unload, store, and deliver proppant and chemicals at oil and natural gas well sites in the United States. Its systems are used to transfer large quantities of proppant and chemicals to the well sites.
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