Equities analysts expect Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) to announce $27.07 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Solaris Oilfield Infrastructure’s earnings, with estimates ranging from $26.80 million to $27.30 million. Solaris Oilfield Infrastructure posted sales of $47.83 million in the same quarter last year, which would indicate a negative year over year growth rate of 43.4%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, May 3rd.
On average, analysts expect that Solaris Oilfield Infrastructure will report full year sales of $123.47 million for the current fiscal year, with estimates ranging from $119.70 million to $127.50 million. For the next year, analysts anticipate that the firm will report sales of $155.17 million, with estimates ranging from $142.70 million to $177.40 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Solaris Oilfield Infrastructure.
Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings data on Saturday, February 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $25.28 million for the quarter, compared to the consensus estimate of $21.05 million. Solaris Oilfield Infrastructure had a negative net margin of 9.17% and a positive return on equity of 3.82%.
Several equities analysts recently commented on the stock. B. Riley upped their price target on shares of Solaris Oilfield Infrastructure from $12.50 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. Cowen restated a “market perform” rating and issued a $12.00 target price (down from $14.00) on shares of Solaris Oilfield Infrastructure in a research note on Thursday. Finally, Zacks Investment Research downgraded shares of Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Friday, February 26th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.19.
Shares of SOI traded down $0.30 on Tuesday, hitting $11.20. 242,998 shares of the stock traded hands, compared to its average volume of 381,206. Solaris Oilfield Infrastructure has a 1 year low of $5.06 and a 1 year high of $15.07. The company has a quick ratio of 4.58, a current ratio of 4.64 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average is $12.75 and its two-hundred day moving average is $9.39. The firm has a market capitalization of $507.67 million, a P/E ratio of -22.86 and a beta of 2.14.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Monday, March 15th were given a $0.105 dividend. The ex-dividend date was Friday, March 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.75%. Solaris Oilfield Infrastructure’s payout ratio is currently 31.82%.
In related news, CFO Kyle S. Ramachandran sold 9,644 shares of the stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $15.05, for a total value of $145,142.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William A. Zartler sold 500,000 shares of the stock in a transaction dated Thursday, February 25th. The stock was sold at an average price of $11.00, for a total transaction of $5,500,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,091,156 shares of company stock worth $13,250,065. Insiders own 15.03% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in SOI. FMR LLC acquired a new position in Solaris Oilfield Infrastructure during the 1st quarter valued at about $36,498,000. California Public Employees Retirement System grew its stake in shares of Solaris Oilfield Infrastructure by 4.1% in the 3rd quarter. California Public Employees Retirement System now owns 68,957 shares of the company’s stock worth $437,000 after purchasing an additional 2,700 shares during the last quarter. BlackRock Inc. grew its stake in shares of Solaris Oilfield Infrastructure by 3.0% in the 3rd quarter. BlackRock Inc. now owns 2,511,962 shares of the company’s stock worth $15,925,000 after purchasing an additional 73,660 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Solaris Oilfield Infrastructure by 376.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 307,592 shares of the company’s stock worth $1,950,000 after purchasing an additional 243,092 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Solaris Oilfield Infrastructure by 250.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,200 shares of the company’s stock worth $58,000 after purchasing an additional 2,288 shares during the last quarter. 50.68% of the stock is currently owned by hedge funds and other institutional investors.
About Solaris Oilfield Infrastructure
Solaris Oilfield Infrastructure, Inc designs, 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. The company also provides trained personnel and last mile proppant logistics services; transloading and forward staging storage services; and digital inventory software under the Solaris Lens and Railtronix names.
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