Solaris Oilfield Infrastructure, Inc. (SOI) Rating Reiterated by Piper Jaffray Companies

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)‘s stock had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies in a report issued on Sunday. They currently have a $19.00 target price on the stock. Piper Jaffray Companies’ price target would suggest a potential upside of 19.05% from the stock’s previous close.

SOI has been the subject of a number of other research reports. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $16.00 target price (up previously from $15.00) on shares of Solaris Oilfield Infrastructure in a research note on Thursday, August 10th. Imperial Capital started coverage on shares of Solaris Oilfield Infrastructure in a research note on Friday, August 18th. They set an “outperform” rating and a $17.00 target price for the company. Zacks Investment Research raised shares of Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, September 29th. Raymond James Financial, Inc. cut shares of Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 11th. Finally, Johnson Rice reissued a “buy” rating and set a $19.00 target price on shares of Solaris Oilfield Infrastructure in a research note on Monday, September 11th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $17.68.

Shares of Solaris Oilfield Infrastructure (NYSE SOI) traded up $0.17 on Friday, reaching $15.96. 480,868 shares of the company’s stock traded hands, compared to its average volume of 173,712. The company has a quick ratio of 13.20, a current ratio of 13.89 and a debt-to-equity ratio of 0.06.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $18.50 million for the quarter, compared to analyst estimates of $17.14 million. Solaris Oilfield Infrastructure’s quarterly revenue was down 99.6% compared to the same quarter last year. equities research analysts anticipate that Solaris Oilfield Infrastructure will post 0.51 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of SOI. New York State Common Retirement Fund bought a new stake in Solaris Oilfield Infrastructure during the second quarter worth approximately $123,000. Alliancebernstein L.P. bought a new stake in shares of Solaris Oilfield Infrastructure in the second quarter valued at approximately $125,000. Parametric Portfolio Associates LLC bought a new stake in shares of Solaris Oilfield Infrastructure in the second quarter valued at approximately $125,000. Strs Ohio lifted its position in Solaris Oilfield Infrastructure by 503.4% in the third quarter. Strs Ohio now owns 17,500 shares of the company’s stock worth $305,000 after purchasing an additional 14,600 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in Solaris Oilfield Infrastructure in the second quarter worth $173,000. Hedge funds and other institutional investors own 58.17% of the company’s stock.

About Solaris Oilfield Infrastructure

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.

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