Solaris Oilfield Infrastructure, Inc. (NYSE:SOI – Get Rating) COO Kelly L. Price sold 6,795 shares of the business’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $13.00, for a total transaction of $88,335.00. Following the sale, the chief operating officer now owns 214,789 shares in the company, valued at $2,792,257. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of SOI traded up $0.05 during midday trading on Friday, reaching $12.65. The stock had a trading volume of 210,264 shares, compared to its average volume of 284,456. The company has a market cap of $589.03 million, a price-to-earnings ratio of 114.56 and a beta of 1.38. The company’s fifty day simple moving average is $11.40 and its two-hundred day simple moving average is $9.02. Solaris Oilfield Infrastructure, Inc. has a 1-year low of $6.11 and a 1-year high of $13.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.38 and a quick ratio of 2.32.
Solaris Oilfield Infrastructure (NYSE:SOI – Get Rating) last posted its quarterly earnings results on Monday, February 21st. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $45.96 million for the quarter, compared to analysts’ expectations of $41.20 million. Solaris Oilfield Infrastructure had a return on equity of 1.29% and a net margin of 2.03%. During the same period last year, the firm earned ($0.05) earnings per share. On average, sell-side analysts forecast that Solaris Oilfield Infrastructure, Inc. will post 0.64 earnings per share for the current year.
SOI has been the topic of a number of research reports. Cowen reduced their target price on shares of Solaris Oilfield Infrastructure from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Wednesday, February 23rd. Piper Sandler lifted their target price on Solaris Oilfield Infrastructure from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, March 7th. Finally, Zacks Investment Research raised Solaris Oilfield Infrastructure from a “hold” rating to a “strong-buy” rating and set a $9.75 target price for the company in a research note on Saturday, February 26th.
Institutional investors have recently made changes to their positions in the business. Ellevest Inc. grew its holdings in shares of Solaris Oilfield Infrastructure by 74.8% during the first quarter. Ellevest Inc. now owns 3,220 shares of the company’s stock worth $36,000 after purchasing an additional 1,378 shares during the last quarter. Citigroup Inc. grew its stake in Solaris Oilfield Infrastructure by 127.2% during the 4th quarter. Citigroup Inc. now owns 7,969 shares of the company’s stock worth $52,000 after buying an additional 4,462 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Solaris Oilfield Infrastructure by 270.3% during the third quarter. BNP Paribas Arbitrage SA now owns 7,039 shares of the company’s stock worth $59,000 after buying an additional 5,138 shares during the period. First Hawaiian Bank purchased a new stake in Solaris Oilfield Infrastructure in the fourth quarter valued at approximately $68,000. Finally, Barclays PLC boosted its holdings in shares of Solaris Oilfield Infrastructure by 166.9% in the third quarter. Barclays PLC now owns 13,262 shares of the company’s stock valued at $111,000 after acquiring an additional 8,293 shares during the period. Institutional investors own 70.21% of the company’s stock.
About Solaris Oilfield Infrastructure (Get Rating)
Solaris Oilfield Infrastructure, Inc designs, manufactures, and sells mobile equipment to unload, store, and deliver proppant, water, and chemicals at oil and natural gas well sites in the United States. It is involved in the transloading and storage of proppant or railcars at its transloading facility.
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