Solaris Oilfield Infrastructure (SOI) to Release Earnings on Thursday

Solaris Oilfield Infrastructure (NYSE:SOI) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Solaris Oilfield Infrastructure to post earnings of $0.13 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Monday, February 26th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $63.35 million for the quarter, compared to the consensus estimate of $65.55 million. Solaris Oilfield Infrastructure had a return on equity of 12.01% and a net margin of 8.31%. During the same quarter in the prior year, the company earned $0.22 earnings per share. On average, analysts expect Solaris Oilfield Infrastructure to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Solaris Oilfield Infrastructure Trading Down 2.2 %

Shares of NYSE:SOI opened at $8.16 on Thursday. The stock’s 50-day simple moving average is $8.31 and its two-hundred day simple moving average is $8.46. The stock has a market capitalization of $350.96 million, a price-to-earnings ratio of 10.60 and a beta of 1.29. Solaris Oilfield Infrastructure has a 52-week low of $6.59 and a 52-week high of $11.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.63 and a current ratio of 1.80.

Solaris Oilfield Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date was Friday, March 8th. Solaris Oilfield Infrastructure’s payout ratio is 62.34%.

Insider Activity

In other news, insider Christopher M. Powell sold 17,500 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $8.50, for a total transaction of $148,750.00. Following the sale, the insider now directly owns 130,202 shares in the company, valued at approximately $1,106,717. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 34.71% of the company’s stock.

Institutional Investors Weigh In On Solaris Oilfield Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. bought a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth about $25,000. Quarry LP raised its holdings in Solaris Oilfield Infrastructure by 66.9% during the 1st quarter. Quarry LP now owns 4,091 shares of the company’s stock valued at $35,000 after buying an additional 1,640 shares during the period. BNP Paribas Arbitrage SNC lifted its holdings in shares of Solaris Oilfield Infrastructure by 22.8% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 8,485 shares of the company’s stock worth $71,000 after acquiring an additional 1,576 shares during the last quarter. Citigroup Inc. bought a new stake in Solaris Oilfield Infrastructure in the second quarter worth about $82,000. Finally, Hsbc Holdings PLC bought a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at approximately $92,000. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SOI. TheStreet downgraded shares of Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Stifel Nicolaus reduced their price objective on Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd.

About Solaris Oilfield Infrastructure

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.