Solaris Oilfield Infrastructure’s (NYSE:SOI) “Buy” Rating Reiterated at Piper Jaffray Companies

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)‘s stock had its “buy” rating reaffirmed by equities researchers at Piper Jaffray Companies in a research report issued on Sunday, November 5th. They currently have a $19.00 price target on the stock. Piper Jaffray Companies’ price target indicates a potential upside of 12.49% from the company’s current price.

A number of other analysts have also recently commented on SOI. UBS AG started coverage on shares of Solaris Oilfield Infrastructure in a research report on Wednesday, July 19th. They set an “outperform” rating on the stock. Raymond James Financial, Inc. started coverage on shares of Solaris Oilfield Infrastructure in a research report on Thursday, July 20th. They set an “outperform” rating on the stock. Seaport Global Securities reissued a “buy” rating on shares of Solaris Oilfield Infrastructure in a research report on Thursday, July 20th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $16.00 price objective (up previously from $15.00) on shares of Solaris Oilfield Infrastructure in a research report on Thursday, August 10th. Finally, Imperial Capital started coverage on shares of Solaris Oilfield Infrastructure in a research report on Friday, August 18th. They set an “outperform” rating and a $17.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Solaris Oilfield Infrastructure has a consensus rating of “Buy” and an average price target of $17.68.

Shares of Solaris Oilfield Infrastructure (NYSE:SOI) traded up $0.13 on Friday, reaching $16.89. 420,021 shares of the company’s stock were exchanged, compared to its average volume of 268,196. The company has a current ratio of 7.44, a quick ratio of 6.78 and a debt-to-equity ratio of 0.06. Solaris Oilfield Infrastructure has a twelve month low of $9.90 and a twelve month high of $18.42.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $18.50 million for the quarter, compared to the consensus estimate of $17.14 million. Solaris Oilfield Infrastructure had a net margin of 18.84% and a return on equity of 10.16%. 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 year.

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In related news, CFO Kyle S. Ramachandran sold 140,048 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total value of $2,106,321.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 2,660,201 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total transaction of $40,009,423.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,925,926 shares of company stock worth $59,045,927.

A number of hedge funds and other institutional investors have recently made changes to their positions in SOI. New York State Common Retirement Fund purchased a new stake in Solaris Oilfield Infrastructure in the 2nd quarter valued at about $123,000. Parametric Portfolio Associates LLC purchased a new stake in Solaris Oilfield Infrastructure in the 2nd quarter valued at about $125,000. Alliancebernstein L.P. purchased a new stake in Solaris Oilfield Infrastructure in the 2nd quarter valued at about $125,000. ClariVest Asset Management LLC purchased a new stake in Solaris Oilfield Infrastructure in the 3rd quarter valued at about $146,000. Finally, Sei Investments Co. purchased a new stake in Solaris Oilfield Infrastructure in the 3rd quarter valued at about $152,000. 58.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Oilfield Infrastructure Company Profile

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)

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