Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)‘s stock had its “buy” rating reaffirmed by investment analysts at Oppenheimer Holdings, Inc. in a research report issued on Monday, October 9th. They presently have a $20.00 target price on the stock, up from their prior target price of $16.00. Oppenheimer Holdings, Inc.’s target price suggests a potential upside of 30.72% from the company’s previous close. Oppenheimer Holdings also issued estimates for Solaris Oilfield Infrastructure’s Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $0.50 EPS, FY2018 earnings at $1.25 EPS and FY2019 earnings at $1.76 EPS.
Several other analysts also recently commented on SOI. Seaport Global Securities started coverage on Solaris Oilfield Infrastructure in a research note on Monday, June 12th. They set a “buy” rating and a $13.00 target price on the stock. UBS AG started coverage on Solaris Oilfield Infrastructure in a research note on Wednesday, July 19th. They set an “outperform” rating on the stock. Raymond James Financial, Inc. started coverage on Solaris Oilfield Infrastructure in a research note on Thursday, July 20th. They set an “outperform” rating on the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $15.50 target price on shares of Solaris Oilfield Infrastructure in a research note on Thursday, August 3rd. Finally, Imperial Capital started coverage on Solaris Oilfield Infrastructure in a research note on Friday, August 18th. They set an “outperform” rating and a $17.00 target price on the stock. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $17.36.
Shares of Solaris Oilfield Infrastructure (SOI) traded up 1.86% during mid-day trading on Monday, reaching $15.30. The company’s stock had a trading volume of 108,616 shares. Solaris Oilfield Infrastructure has a 12 month low of $9.90 and a 12 month high of $17.72. The firm has a market cap of $166.83 million and a PE ratio of 53.13. The company has a 50-day moving average of $16.23 and a 200-day moving average of $13.37.
Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings results on Monday, August 14th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.34. The company had revenue of $13.39 million during the quarter, compared to analysts’ expectations of $12.36 million. The business’s quarterly revenue was up 349.9% on a year-over-year basis. On average, analysts predict that Solaris Oilfield Infrastructure will post $0.54 earnings per share for the current year.
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A number of institutional investors have recently made changes to their positions in SOI. Spark Investment Management LLC bought a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $1,806,000. Emerald Mutual Fund Advisers Trust bought a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $3,459,000. Hodges Capital Management Inc. bought a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $6,284,000. Gilder Gagnon Howe & Co. LLC bought a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $17,799,000. Finally, Schwab Charles Investment Management Inc. bought a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $198,000. 59.23% of the stock is currently owned by institutional investors.
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.
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