ValuEngine Lowers Solaris Oilfield Infrastructure (NYSE:SOI) to Strong Sell

ValuEngine lowered shares of Solaris Oilfield Infrastructure (NYSE:SOI) from a sell rating to a strong sell rating in a report issued on Wednesday morning, ValuEngine reports.

A number of other brokerages have also commented on SOI. Capital One Financial started coverage on shares of Solaris Oilfield Infrastructure in a report on Monday, September 16th. They issued an overweight rating and a $18.00 price target on the stock. Imperial Capital decreased their price target on shares of Solaris Oilfield Infrastructure from $16.00 to $13.00 and set an outperform rating on the stock in a report on Friday, November 1st. Cowen set a $16.00 price target on shares of Solaris Oilfield Infrastructure and gave the stock a buy rating in a report on Friday, November 1st. Citigroup raised shares of Solaris Oilfield Infrastructure from a neutral rating to a buy rating and increased their price target for the stock from $11.00 to $14.00 in a report on Tuesday. Finally, Wells Fargo & Co decreased their price target on shares of Solaris Oilfield Infrastructure from $19.00 to $17.00 and set an outperform rating on the stock in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. Solaris Oilfield Infrastructure presently has an average rating of Buy and a consensus price target of $17.75.

Shares of NYSE:SOI opened at $13.15 on Wednesday. The company’s fifty day moving average price is $11.35 and its 200-day moving average price is $13.12. The firm has a market capitalization of $596.74 million, a price-to-earnings ratio of 7.78 and a beta of 1.68. Solaris Oilfield Infrastructure has a one year low of $10.24 and a one year high of $19.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.09 and a quick ratio of 2.88.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.01). The company had revenue of $59.60 million during the quarter, compared to the consensus estimate of $58.94 million. Solaris Oilfield Infrastructure had a return on equity of 22.39% and a net margin of 21.12%. Solaris Oilfield Infrastructure’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. As a group, equities research analysts expect that Solaris Oilfield Infrastructure will post 1.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Monday, December 16th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.42 annualized dividend and a dividend yield of 3.19%. This is a positive change from Solaris Oilfield Infrastructure’s previous quarterly dividend of $0.10. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is currently 23.67%.

In other Solaris Oilfield Infrastructure news, Director Edgar R. Jr. Giesinger bought 10,000 shares of Solaris Oilfield Infrastructure stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of $11.68 per share, with a total value of $116,800.00. Also, insider Cynthia M. Durrett sold 42,167 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $14.67, for a total transaction of $618,589.89. 14.18% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at $57,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at $67,000. Steward Partners Investment Advisory LLC bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at $74,000. Meeder Asset Management Inc. bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at $84,000. Finally, Price Wealth Management Inc. bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at $86,000. 66.79% of the stock is currently owned by institutional investors.

Solaris Oilfield Infrastructure Company Profile

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.

Featured Article: Can systematic risk be avoided?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

Receive News & Ratings for Solaris Oilfield Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaris Oilfield Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.