Wall Street analysts expect Solaris Oilfield Infrastructure Inc (NYSE:SOI) to report $0.47 earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have issued estimates for Solaris Oilfield Infrastructure’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.43. Solaris Oilfield Infrastructure reported earnings of $0.42 per share in the same quarter last year, which indicates a positive year over year growth rate of 11.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, July 30th.
On average, analysts expect that Solaris Oilfield Infrastructure will report full-year earnings of $1.93 per share for the current financial year, with EPS estimates ranging from $1.81 to $2.08. For the next financial year, analysts expect that the business will post earnings of $2.31 per share, with EPS estimates ranging from $1.90 to $2.74. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Solaris Oilfield Infrastructure.
Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The company had revenue of $55.12 million for the quarter, compared to analysts’ expectations of $54.31 million. Solaris Oilfield Infrastructure had a return on equity of 29.34% and a net margin of 22.57%. The firm’s revenue was up 53.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share.
SOI has been the topic of several research reports. Goldman Sachs Group initiated coverage on Solaris Oilfield Infrastructure in a report on Sunday, March 10th. They issued a “neutral” rating and a $20.00 price target on the stock. B. Riley initiated coverage on Solaris Oilfield Infrastructure in a report on Wednesday, March 13th. They issued a “buy” rating and a $21.00 price target on the stock. Johnson Rice set a $24.00 price target on Solaris Oilfield Infrastructure and gave the company a “buy” rating in a report on Thursday, February 28th. Cowen set a $21.00 price target on Solaris Oilfield Infrastructure and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Zacks Investment Research raised Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $19.94.
In other Solaris Oilfield Infrastructure news, Director James R. Burke sold 8,809 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $16.76, for a total transaction of $147,638.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Yorktown Energy Partners X, L. sold 2,000,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $15.58, for a total transaction of $31,160,000.00. The disclosure for this sale can be found here. 14.18% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Solaris Oilfield Infrastructure by 1.4% during the 3rd quarter. BlackRock Inc. now owns 1,700,801 shares of the company’s stock worth $32,128,000 after buying an additional 24,008 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Solaris Oilfield Infrastructure by 175.3% during the third quarter. Dimensional Fund Advisors LP now owns 625,599 shares of the company’s stock valued at $11,818,000 after purchasing an additional 398,370 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in Solaris Oilfield Infrastructure by 110.8% during the third quarter. MetLife Investment Advisors LLC now owns 20,229 shares of the company’s stock valued at $382,000 after purchasing an additional 10,631 shares in the last quarter. Teachers Advisors LLC boosted its position in Solaris Oilfield Infrastructure by 19.3% during the third quarter. Teachers Advisors LLC now owns 51,952 shares of the company’s stock valued at $981,000 after purchasing an additional 8,398 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Solaris Oilfield Infrastructure by 0.8% during the third quarter. Vanguard Group Inc. now owns 1,171,592 shares of the company’s stock valued at $22,132,000 after purchasing an additional 9,743 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors.
Shares of NYSE SOI traded down $0.53 during trading on Friday, hitting $14.82. The company had a trading volume of 1,124,839 shares, compared to its average volume of 490,535. The stock has a market capitalization of $705.24 million, a P/E ratio of 8.77 and a beta of 1.79. Solaris Oilfield Infrastructure has a 52 week low of $10.50 and a 52 week high of $19.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.08 and a current ratio of 2.47.
About Solaris Oilfield Infrastructure
Solaris Oilfield Infrastructure, Inc 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 to transfer large quantities of proppant and chemicals to the well sites.
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