Solaris Oilfield Infrastructure (SOI) Set to Announce Quarterly Earnings on Thursday

Solaris Oilfield Infrastructure (NYSE:SOI) will be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect Solaris Oilfield Infrastructure to post earnings of $0.13 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $63.35 million for the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $0.22 EPS. 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 Price Performance

NYSE SOI opened at $8.16 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.80 and a debt-to-equity ratio of 0.33. The company has a market cap of $350.96 million, a PE 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 firm’s 50-day simple moving average is $8.31 and its two-hundred day simple moving average is $8.46.

Solaris Oilfield Infrastructure Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. TheStreet cut Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Stifel Nicolaus lowered their price target on shares of Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd.

Insider Transactions at Solaris Oilfield Infrastructure

In related news, insider Christopher M. Powell sold 17,500 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $8.50, for a total value of $148,750.00. Following the sale, the insider now owns 130,202 shares in the company, valued at $1,106,717. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 34.71% of the company’s stock.

Institutional Investors Weigh In On Solaris Oilfield Infrastructure

Several hedge funds have recently bought and sold shares of SOI. PNC Financial Services Group Inc. purchased a new stake in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at $25,000. Quarry LP raised its position in Solaris Oilfield Infrastructure by 66.9% during the first quarter. Quarry LP now owns 4,091 shares of the company’s stock valued at $35,000 after purchasing an additional 1,640 shares in the last quarter. BNP Paribas Arbitrage SNC lifted its stake in Solaris Oilfield Infrastructure by 22.8% during the second quarter. BNP Paribas Arbitrage SNC now owns 8,485 shares of the company’s stock worth $71,000 after purchasing an additional 1,576 shares during the last quarter. Citigroup Inc. bought a new stake in Solaris Oilfield Infrastructure during the second quarter worth about $82,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth about $92,000. 67.44% of the stock is currently owned by institutional investors.

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.