Solaris Oilfield Infrastructure Inc (NYSE:SOI) – Research analysts at Seaport Global Securities increased their Q1 2019 earnings estimates for shares of Solaris Oilfield Infrastructure in a report released on Thursday, February 28th. Seaport Global Securities analyst M. Urban now anticipates that the company will post earnings per share of $0.43 for the quarter, up from their previous forecast of $0.42. Seaport Global Securities also issued estimates for Solaris Oilfield Infrastructure’s Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.55 EPS, FY2019 earnings at $2.05 EPS, Q1 2020 earnings at $0.57 EPS, Q2 2020 earnings at $0.63 EPS, Q3 2020 earnings at $0.66 EPS and Q4 2020 earnings at $0.60 EPS.
Get Solaris Oilfield Infrastructure alerts:Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Wednesday, February 27th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $57.34 million for the quarter, compared to the consensus estimate of $53.47 million. Solaris Oilfield Infrastructure had a net margin of 19.18% and a return on equity of 25.81%. The company’s revenue was up 127.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share.
Several other equities research analysts also recently commented on the stock. Cowen set a $21.00 price objective on shares of Solaris Oilfield Infrastructure and gave the company a “buy” rating in a report on Friday, March 1st. Johnson Rice set a $24.00 price objective on shares of Solaris Oilfield Infrastructure and gave the company a “buy” rating in a report on Thursday, February 28th. ValuEngine raised shares of Solaris Oilfield Infrastructure from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 13th. Imperial Capital reaffirmed an “outperform” rating and set a $17.00 price objective (down from $24.00) on shares of Solaris Oilfield Infrastructure in a report on Thursday, January 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $17.50 price objective on shares of Solaris Oilfield Infrastructure in a report on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $19.75.
NYSE SOI opened at $16.84 on Monday. The stock has a market cap of $754.51 million, a price-to-earnings ratio of 9.96 and a beta of 1.81. Solaris Oilfield Infrastructure has a 52 week low of $10.50 and a 52 week high of $20.18. The company has a current ratio of 2.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.21.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC bought a new stake in shares of Solaris Oilfield Infrastructure during the third quarter valued at about $28,517,000. Segall Bryant & Hamill LLC bought a new stake in shares of Solaris Oilfield Infrastructure during the fourth quarter valued at about $5,912,000. Boston Partners increased its position in shares of Solaris Oilfield Infrastructure by 145.2% during the fourth quarter. Boston Partners now owns 773,337 shares of the company’s stock valued at $9,350,000 after buying an additional 457,917 shares during the period. BlueMountain Capital Management LLC bought a new stake in shares of Solaris Oilfield Infrastructure during the third quarter valued at about $7,807,000. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 buying an additional 398,370 shares during the period. 80.91% of the stock is currently owned by institutional investors and hedge funds.
Solaris Oilfield Infrastructure Company Profile
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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