Solaris Oilfield Infrastructure, Inc. (SOI) Lowered to Market Perform at Citigroup Inc.

Citigroup Inc. cut shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) to a market perform rating in a report published on Wednesday morning. The analysts noted that the move was a valuation call.

SOI has been the subject of a number of other reports. Zacks Investment Research downgraded Solaris Oilfield Infrastructure from a buy rating to a hold rating in a research report on Thursday, September 28th. UBS AG started coverage on Solaris Oilfield Infrastructure in a research report on Wednesday, July 19th. They set an outperform rating for the company. Johnson Rice reaffirmed a buy rating and set a $19.00 price target on shares of Solaris Oilfield Infrastructure in a research report on Monday, September 11th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $16.00 price target (up from $15.00) on shares of Solaris Oilfield Infrastructure in a research report on Thursday, August 10th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $15.50 price target on shares of Solaris Oilfield Infrastructure in a research report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Solaris Oilfield Infrastructure currently has a consensus rating of Buy and a consensus price target of $17.36.

Solaris Oilfield Infrastructure (SOI) traded down 0.36% on Wednesday, hitting $16.53. The company’s stock had a trading volume of 131,786 shares. The stock has a market cap of $180.24 million and a PE ratio of 57.40. Solaris Oilfield Infrastructure has a 12 month low of $9.90 and a 12 month high of $17.72. The firm has a 50 day moving average of $15.80 and a 200-day moving average of $13.25.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Monday, August 14th. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.34. The company had revenue of $13.39 million during the quarter, compared to the consensus estimate of $12.36 million. The business’s revenue was up 349.9% compared to the same quarter last year. On average, analysts expect that Solaris Oilfield Infrastructure will post $0.54 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund purchased a new stake in Solaris Oilfield Infrastructure in the second quarter worth $123,000. Alliancebernstein L.P. purchased a new stake in Solaris Oilfield Infrastructure in the second quarter worth $125,000. Parametric Portfolio Associates LLC purchased a new stake in Solaris Oilfield Infrastructure in the second quarter worth $125,000. Oppenheimer & Co. Inc. purchased a new stake in Solaris Oilfield Infrastructure in the second quarter worth $173,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Solaris Oilfield Infrastructure in the second quarter worth $198,000. 59.23% of the stock is owned by institutional investors and hedge funds.

Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.

Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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