Solaris Oilfield Infrastructure (SOI) Price Target Raised to $26.00 at Citigroup

Solaris Oilfield Infrastructure (NYSE:SOI) had its price target upped by equities researchers at Citigroup to $26.00 in a research report issued on Friday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Citigroup’s price target points to a potential upside of 19.32% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Thursday. Imperial Capital boosted their target price on Solaris Oilfield Infrastructure to $23.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Piper Jaffray Companies restated a “buy” rating and set a $19.00 target price on shares of Solaris Oilfield Infrastructure in a research report on Sunday, November 5th. Oppenheimer restated a “buy” rating and set a $20.00 target price on shares of Solaris Oilfield Infrastructure in a research report on Monday, November 6th. Finally, Raymond James Financial cut Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 11th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.79.

Solaris Oilfield Infrastructure (SOI) opened at $21.79 on Friday. Solaris Oilfield Infrastructure has a 52-week low of $9.90 and a 52-week high of $23.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.44 and a quick ratio of 6.78.

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 Thomson Reuters’ consensus estimate of $0.14 by ($0.02). Solaris Oilfield Infrastructure had a return on equity of 10.16% and a net margin of 18.84%. The business had revenue of $18.50 million for the quarter, compared to analysts’ expectations of $17.14 million. The business’s revenue for the quarter was down 99.6% compared to the same quarter last year. equities analysts anticipate that Solaris Oilfield Infrastructure will post 0.56 earnings per share for the current fiscal year.

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

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

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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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