Solaris Oilfield Infrastructure (SOI) PT Set at $24.00 by Piper Jaffray Companies

Piper Jaffray Companies set a $24.00 target price on Solaris Oilfield Infrastructure (NYSE:SOI) in a research report released on Monday morning. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently commented on SOI. Johnson Rice reissued a buy rating and set a $19.00 target price on shares of Solaris Oilfield Infrastructure in a research report on Monday, September 11th. Zacks Investment Research downgraded shares of Solaris Oilfield Infrastructure from a buy rating to a hold rating in a research report on Thursday, September 28th. Oppenheimer reissued a buy rating and set a $20.00 target price (up from $16.00) on shares of Solaris Oilfield Infrastructure in a research report on Monday, October 9th. Citigroup downgraded shares of Solaris Oilfield Infrastructure to a market perform rating in a research report on Wednesday, October 11th. They noted that the move was a valuation call. Finally, Raymond James Financial downgraded shares of Solaris Oilfield Infrastructure from an outperform rating to a market perform rating in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Solaris Oilfield Infrastructure has an average rating of Buy and a consensus target price of $18.68.

Solaris Oilfield Infrastructure (NYSE SOI) opened at $21.68 on Monday. Solaris Oilfield Infrastructure has a fifty-two week low of $9.90 and a fifty-two week high of $21.83. The firm has a market cap of $977.06 and a PE ratio of 98.55. The company has a current ratio of 7.44, a quick ratio of 6.78 and a debt-to-equity ratio of 0.06.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Thursday, November 2nd. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The business had revenue of $18.50 million for the quarter, compared to the consensus estimate of $17.14 million. Solaris Oilfield Infrastructure had a return on equity of 10.16% and a net margin of 18.84%. Solaris Oilfield Infrastructure’s revenue was down 99.6% compared to the same quarter last year. sell-side analysts forecast that Solaris Oilfield Infrastructure will post 0.56 EPS for the current fiscal year.

In other Solaris Oilfield Infrastructure news, CFO Kyle S. Ramachandran sold 140,048 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total value of $2,106,321.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cynthia M. Durrett sold 53,873 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total transaction of $810,249.92. The disclosure for this sale can be found here. Insiders sold a total of 3,925,926 shares of company stock valued at $59,045,927 over the last ninety days.

A number of hedge funds have recently modified their holdings of SOI. Schroder Investment Management Group bought a new stake in Solaris Oilfield Infrastructure in the 2nd quarter worth about $10,623,000. Balyasny Asset Management LLC bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at approximately $5,725,000. Lord Abbett & CO. LLC bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at approximately $2,847,000. Pine River Capital Management L.P. bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at approximately $2,306,000. Finally, Vanguard Group Inc. bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at approximately $2,005,000. 56.36% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Solaris Oilfield Infrastructure (SOI) PT Set at $24.00 by Piper Jaffray Companies” was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/12/29/solaris-oilfield-infrastructure-soi-pt-set-at-24-00-by-piper-jaffray-companies.html.

Solaris Oilfield Infrastructure Company Profile

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.

Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

What are top analysts saying about Solaris Oilfield Infrastructure? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Solaris Oilfield Infrastructure and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit