UBS AG Begins Coverage on Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Stock analysts at UBS AG initiated coverage on shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) in a research report issued on Wednesday, July 19th, The Fly reports. The firm set an “outperform” rating on the stock.

SOI has been the subject of several other research reports. Wunderlich assumed coverage on shares of Solaris Oilfield Infrastructure in a research note on Tuesday, June 6th. They issued a “buy” rating and a $17.00 price objective for the company. CIBC assumed coverage on shares of Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued an “outperform” rating and a $15.00 target price on the stock. Seaport Global Securities assumed coverage on shares of Solaris Oilfield Infrastructure in a report on Monday, June 12th. They issued a “buy” rating and a $13.00 target price on the stock. Evercore ISI assumed coverage on shares of Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued an “outperform” rating and a $17.00 target price on the stock. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued a “buy” rating and a $20.50 target price on the stock. Eleven research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $16.38.

Solaris Oilfield Infrastructure (NYSE:SOI) traded up 2.06% on Wednesday, hitting $12.39. 147,036 shares of the stock were exchanged. Solaris Oilfield Infrastructure has a 12 month low of $9.90 and a 12 month high of $14.07. The firm has a market cap of $133.17 million and a P/E ratio of 17.28. The company has a 50-day moving average of $12.37 and a 200 day moving average of $11.88.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings data on Monday, August 14th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.34. The business had revenue of $13.39 million during the quarter, compared to analysts’ expectations of $12.36 million. Solaris Oilfield Infrastructure’s revenue for the quarter was up 349.9% compared to the same quarter last year. Equities research analysts expect that Solaris Oilfield Infrastructure will post $0.44 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund purchased a new position in Solaris Oilfield Infrastructure during the second quarter worth $123,000. Alliancebernstein L.P. purchased a new position in Solaris Oilfield Infrastructure during the second quarter worth $125,000. Parametric Portfolio Associates LLC bought a new stake in shares of Solaris Oilfield Infrastructure during the second quarter valued at approximately $125,000. Oppenheimer & Co. Inc. bought a new stake in shares of Solaris Oilfield Infrastructure during the second quarter valued at approximately $173,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Solaris Oilfield Infrastructure during the second quarter valued at approximately $198,000. Hedge funds and other institutional investors own 31.72% of the company’s stock.

About Solaris Oilfield Infrastructure

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.

The Fly

Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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