Solaris Oilfield Infrastructure Stock Forecast, Price & News

Solaris Oilfield Infrastructure's stock was trading at $6.13 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SOI stock has increased by 13.5% and is now trading at $6.96.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solaris Oilfield Infrastructure in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Solaris Oilfield Infrastructure is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Solaris Oilfield Infrastructure.

Solaris Oilfield Infrastructure Inc (NYSE:SOI) posted its earnings results on Thursday, July, 30th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.15) by $0.01. The firm had revenue of $9.34 million for the quarter, compared to analysts' expectations of $11.39 million. Solaris Oilfield Infrastructure had a return on equity of 9.51% and a net margin of 1.00%.
View Solaris Oilfield Infrastructure's earnings history.

Solaris Oilfield Infrastructure announced a quarterly dividend on Friday, August 28th. Stockholders of record on Monday, September 7th will be given a dividend of $0.105 per share on Thursday, September 17th. This represents a $0.42 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend is Thursday, September 3rd.
View Solaris Oilfield Infrastructure's dividend history.

8 brokerages have issued 12 month target prices for Solaris Oilfield Infrastructure's stock. Their forecasts range from $6.50 to $16.50. On average, they anticipate Solaris Oilfield Infrastructure's stock price to reach $9.93 in the next year. This suggests a possible upside of 42.7% from the stock's current price.
View analysts' price targets for Solaris Oilfield Infrastructure.

Solaris Oilfield Infrastructure saw a decline in short interest in August. As of August 31st, there was short interest totaling 791,700 shares, a decline of 12.4% from the August 15th total of 903,300 shares. Based on an average daily volume of 361,300 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.8% of the shares of the stock are sold short.
View Solaris Oilfield Infrastructure's Short Interest.

Some companies that are related to Solaris Oilfield Infrastructure include Dril-Quip (DRQ), NOW (DNOW), Oil States International (OIS), Newpark Resources (NR), Forum Energy Technologies (FET), Profire Energy (PFIE), Weatherford International (WFTIF), QS Energy (QSEP), Deep Down (DPDW), Freestone Resources (FSNR), Coil Tubing Technology (CTBG) and Weatherford International (WFTIQ).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Solaris Oilfield Infrastructure investors own include Intel (INTC), NVIDIA (NVDA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Micron Technology (MU), Verizon Communications (VZ), Pfizer (PFE), Tesla (TSLA) and Advanced Micro Devices (AMD).

(SOI) raised $175 million in an IPO on Friday, May 12th 2017. The company issued 10,600,000 shares at a price of $15.00-$18.00 per share. Credit Suisse and Goldman, Sachs served as the underwriters for the IPO and Morgan Stanley, Evercore ISI, Simmons (Energy Specialists of Piper Jaffray), Tudor, Pickering, Holt, Wells Fargo Securities, Raymond James, Oppenheimer, Seaport Global Securities and Wunderlich were co-managers.

Solaris Oilfield Infrastructure trades on the New York Stock Exchange (NYSE) under the ticker symbol "SOI."

Solaris Oilfield Infrastructure's stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (5.45%), Encompass Capital Advisors LLC (2.05%), Wasatch Advisors Inc. (1.64%), Marshall Wace LLP (0.85%), Assenagon Asset Management S.A. (0.78%) and Bank of Montreal Can (0.77%). Company insiders that own Solaris Oilfield Infrastructure stock include Christopher M Powell, Cynthia M Durrett, Edgar R Jr Giesinger, James R Burke and Yorktown Energy Partners X, L.
View institutional ownership trends for Solaris Oilfield Infrastructure.

SOI stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Encompass Capital Advisors LLC, Aigen Investment Management LP, Tocqueville Asset Management L.P., Nuveen Asset Management LLC, Trexquant Investment LP, Bank of New York Mellon Corp, and UBS Group AG.
View insider buying and selling activity for Solaris Oilfield Infrastructure.

SOI stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Bank of Montreal Can, Russell Investments Group Ltd., Wedge Capital Management L L P NC, Wasatch Advisors Inc., Goldman Sachs Group Inc., PDT Partners LLC, and Viking Fund Management LLC.
View insider buying and selling activity for Solaris Oilfield Infrastructure.

Shares of SOI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SOI stock can currently be purchased for approximately $6.96.

Solaris Oilfield Infrastructure has a market capitalization of $315.05 million and generates $241.69 million in revenue each year. The company earns $52.01 million in net income (profit) each year or $1.32 on an earnings per share basis. Solaris Oilfield Infrastructure employs 382 workers across the globe.

The official website for Solaris Oilfield Infrastructure is www.solarisoilfield.com.

Solaris Oilfield Infrastructure's mailing address is 9811 KATY FREEWAY SUITE 700, HOUSTON TX, 77024. The company can be reached via phone at 281-501-3070 or via email at [email protected]