Brokerages forecast that Solaris Oilfield Infrastructure, Inc. (NYSE:SOI – Get Rating) will report earnings per share of $0.16 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Solaris Oilfield Infrastructure’s earnings, with estimates ranging from $0.11 to $0.21. Solaris Oilfield Infrastructure posted earnings of ($0.03) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 633.3%. The business is scheduled to announce its next earnings results on Monday, January 1st.
On average, analysts expect that Solaris Oilfield Infrastructure will report full year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.46 to $0.82. For the next fiscal year, analysts forecast that the business will post earnings of $1.24 per share, with EPS estimates ranging from $1.01 to $1.37. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Solaris Oilfield Infrastructure.
Several equities research analysts have recently weighed in on the stock. Piper Sandler increased their target price on shares of Solaris Oilfield Infrastructure from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, March 7th. Cowen decreased their target price on shares of Solaris Oilfield Infrastructure from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, February 23rd. Finally, Zacks Investment Research upgraded shares of 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.
Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC bought a new position in shares of Solaris Oilfield Infrastructure during the 1st quarter worth about $36,498,000. Morgan Stanley increased its holdings in Solaris Oilfield Infrastructure by 255.7% during the second quarter. Morgan Stanley now owns 189,157 shares of the company’s stock worth $1,842,000 after buying an additional 135,976 shares during the last quarter. Barclays PLC increased 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 purchasing an additional 8,293 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Solaris Oilfield Infrastructure by 168.9% in the third quarter. Goldman Sachs Group Inc. now owns 30,848 shares of the company’s stock valued at $258,000 after acquiring an additional 19,375 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Solaris Oilfield Infrastructure by 31.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 886,530 shares of the company’s stock valued at $7,394,000 after acquiring an additional 209,570 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.
Shares of SOI stock traded up $0.25 during mid-day trading on Friday, hitting $14.08. 230,347 shares of the stock were exchanged, compared to its average volume of 390,193. The stock’s fifty day simple moving average is $11.67 and its two-hundred day simple moving average is $9.23. The stock has a market capitalization of $655.56 million, a price-to-earnings ratio of 128.01 and a beta of 1.38. Solaris Oilfield Infrastructure has a 12-month low of $6.11 and a 12-month high of $14.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.32 and a current ratio of 2.38.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Tuesday, June 7th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, June 6th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.98%. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is 381.85%.
Solaris Oilfield Infrastructure Company Profile (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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