Solaris Oilfield Infrastructure (SOI) Upgraded at TheStreet

TheStreet upgraded shares of Solaris Oilfield Infrastructure (NYSE:SOI) from a c rating to a b- rating in a research report sent to investors on Monday, TheStreetRatingsTable reports.

Several other research firms have also commented on SOI. Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a sell rating to a hold rating in a research report on Wednesday, March 6th. Cowen set a $21.00 price target on shares of Solaris Oilfield Infrastructure and gave the stock a buy rating in a research report on Friday, March 1st. Goldman Sachs Group started coverage on shares of Solaris Oilfield Infrastructure in a research report on Sunday, March 10th. They set a neutral rating and a $20.00 price target for the company. Johnson Rice set a $24.00 price target on shares of Solaris Oilfield Infrastructure and gave the stock a buy rating in a research report on Thursday, February 28th. Finally, ValuEngine upgraded shares of Solaris Oilfield Infrastructure from a strong sell rating to a sell rating in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $19.94.

SOI stock opened at $17.67 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.47 and a quick ratio of 2.08. Solaris Oilfield Infrastructure has a 1-year low of $10.50 and a 1-year high of $19.31. The firm has a market cap of $809.46 million, a price-to-earnings ratio of 10.46 and a beta of 1.79.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Tuesday, April 30th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $55.12 million during the quarter, compared to analyst estimates of $54.31 million. Solaris Oilfield Infrastructure had a net margin of 22.57% and a return on equity of 29.34%. The firm’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Equities research analysts predict that Solaris Oilfield Infrastructure will post 1.93 earnings per share for the current fiscal year.

In related news, major shareholder Yorktown Energy Partners X, L. sold 2,000,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $15.58, for a total value of $31,160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Burke sold 8,809 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $16.76, for a total transaction of $147,638.84. The disclosure for this sale can be found here. 14.18% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Solaris Oilfield Infrastructure by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,171,592 shares of the company’s stock valued at $22,132,000 after buying an additional 9,743 shares in the last quarter. Northpointe Capital LLC bought a new position in Solaris Oilfield Infrastructure in the 4th quarter valued at about $302,000. Boston Partners grew its position in Solaris Oilfield Infrastructure by 145.2% in the 4th 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 in the last quarter. Marshall Wace LLP bought a new position in Solaris Oilfield Infrastructure in the 3rd quarter valued at about $702,000. Finally, BlackRock Inc. grew its position in Solaris Oilfield Infrastructure by 1.4% in the 3rd quarter. BlackRock Inc. now owns 1,700,801 shares of the company’s stock valued at $32,128,000 after buying an additional 24,008 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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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Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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