Wall Street brokerages expect that Solaris Oilfield Infrastructure Inc (NYSE:SOI) will announce $0.19 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Solaris Oilfield Infrastructure’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.15. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, March 6th.

On average, analysts expect that Solaris Oilfield Infrastructure will report full-year earnings of $0.53 per share for the current year, with EPS estimates ranging from $0.45 to $0.59. For the next financial year, analysts anticipate that the company will report earnings of $1.64 per share, with EPS estimates ranging from $1.37 to $2.01. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Solaris Oilfield Infrastructure.

A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Oppenheimer reissued a “buy” rating and issued a $20.00 price objective on shares of Solaris Oilfield Infrastructure in a research report on Monday, November 6th. Imperial Capital reissued an “outperform” rating and issued a $26.00 price objective on shares of Solaris Oilfield Infrastructure in a research report on Wednesday, January 24th. Piper Jaffray Companies reissued a “buy” rating and issued a $19.00 price objective on shares of Solaris Oilfield Infrastructure in a research report on Sunday, November 5th. Finally, Citigroup increased their price objective on shares of Solaris Oilfield Infrastructure to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.04.

In other Solaris Oilfield Infrastructure news, CFO Kyle S. Ramachandran sold 140,048 shares of the firm’s stock in a transaction that occurred on 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 is available through the SEC website. Also, CFO Kyle S. Ramachandran sold 62,937 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $21.65, for a total transaction of $1,362,586.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,985,914 shares of company stock worth $103,644,667.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its stake in shares of Solaris Oilfield Infrastructure by 719.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,092,242 shares of the company’s stock worth $23,385,000 after buying an additional 959,001 shares during the period. Balyasny Asset Management LLC acquired a new stake in shares of Solaris Oilfield Infrastructure during the second quarter worth $5,725,000. Hodges Capital Management Inc. raised its holdings in shares of Solaris Oilfield Infrastructure by 79.5% during the fourth quarter. Hodges Capital Management Inc. now owns 1,035,330 shares of the company’s stock worth $22,166,000 after purchasing an additional 458,630 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Solaris Oilfield Infrastructure during the second quarter worth $2,847,000. Finally, Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Solaris Oilfield Infrastructure by 13.0% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,705,799 shares of the company’s stock worth $36,521,000 after purchasing an additional 196,689 shares during the last quarter. Institutional investors own 56.72% of the company’s stock.

Solaris Oilfield Infrastructure (SOI) opened at $17.53 on Tuesday. 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 has a 1-year low of $9.90 and a 1-year high of $23.98.

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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.

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Earnings History and Estimates for Solaris Oilfield Infrastructure (NYSE:SOI)

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