Solaris Oilfield Infrastructure Inc (NYSE:SOI) – Analysts at B. Riley issued their Q1 2019 earnings per share estimates for Solaris Oilfield Infrastructure in a report released on Wednesday, March 13th. B. Riley analyst T. Curran anticipates that the company will post earnings of $0.40 per share for the quarter. B. Riley has a “Buy” rating and a $21.00 price objective on the stock. B. Riley also issued estimates for Solaris Oilfield Infrastructure’s Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.59 EPS, FY2019 earnings at $2.04 EPS, Q1 2020 earnings at $0.62 EPS, Q2 2020 earnings at $0.69 EPS, Q3 2020 earnings at $0.74 EPS, Q4 2020 earnings at $0.77 EPS and FY2020 earnings at $2.81 EPS.
Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Wednesday, February 27th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $57.34 million for the quarter, compared to analyst estimates of $53.47 million. Solaris Oilfield Infrastructure had a return on equity of 28.87% and a net margin of 21.52%. The firm’s revenue for the quarter was up 127.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share.
A number of other equities analysts have also weighed in on the company. Johnson Rice set a $24.00 price objective on Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research note on Thursday, February 28th. Imperial Capital lowered their price objective on Solaris Oilfield Infrastructure from $24.00 to $17.00 and set an “outperform” rating on the stock in a research note on Friday, December 28th. Cowen initiated coverage on Solaris Oilfield Infrastructure in a research note on Thursday, January 24th. They set an “outperform” rating and a $20.00 price objective on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $17.50 price objective on shares of Solaris Oilfield Infrastructure in a research note on Thursday, January 3rd. Finally, Zacks Investment Research raised Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $19.94.
NYSE SOI opened at $16.53 on Friday. The firm has a market cap of $762.56 million, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.21 and a beta of 1.86. The company has a current ratio of 2.29, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. Solaris Oilfield Infrastructure has a fifty-two week low of $10.50 and a fifty-two week high of $20.18.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Solaris Oilfield Infrastructure by 2.5% during the 4th quarter. BlackRock Inc. now owns 1,743,530 shares of the company’s stock worth $21,078,000 after acquiring an additional 42,729 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Solaris Oilfield Infrastructure during the 3rd quarter worth about $28,517,000. Schroder Investment Management Group boosted its position in shares of Solaris Oilfield Infrastructure by 23.7% during the 3rd quarter. Schroder Investment Management Group now owns 1,416,848 shares of the company’s stock worth $26,764,000 after acquiring an additional 271,498 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Solaris Oilfield Infrastructure by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,171,592 shares of the company’s stock worth $22,132,000 after acquiring an additional 9,743 shares in the last quarter. Finally, Vanguard Group Inc boosted its position in shares of Solaris Oilfield Infrastructure by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 1,171,592 shares of the company’s stock worth $22,132,000 after acquiring an additional 9,743 shares in the last quarter. 85.44% of the stock is owned by institutional investors and hedge funds.
In other Solaris Oilfield Infrastructure news, major shareholder Yorktown Energy Partners X, L. sold 2,000,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $15.58, for a total transaction of $31,160,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James R. Burke sold 8,809 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $16.76, for a total value of $147,638.84. The disclosure for this sale can be found here. 14.44% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 22nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $0.40 annualized dividend and a yield of 2.42%. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is 23.67%.
About Solaris Oilfield Infrastructure
Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.
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