Solaris Oilfield Infrastructure, Inc. (SOI) Upgraded to Buy by Zacks Investment Research

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage presently has a $14.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 9.29% from the company’s previous close.

According to Zacks, “Solaris Oilfield Infrastructure, Inc. manufactures and provides patented mobile proppant management systems which unload, store and deliver proppant at oil and natural gas well sites and its systems are deployed in many of the most active oil and natural gas basins in the United States, including the Permian Basin, the Eagle Ford Shale and the SCOOP/STACK formation. Solaris Oilfield Infrastructure, Inc. is based in Houston, United States. “

A number of other equities analysts have also recently commented on SOI. Goldman Sachs Group, Inc. (The) started coverage on Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued a “buy” rating and a $20.50 target price on the stock. Piper Jaffray Companies started coverage on Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued an “overweight” rating and a $15.50 target price on the stock. Credit Suisse Group started coverage on Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued an “outperform” rating and a $17.00 target price on the stock. Evercore ISI started coverage on Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued an “outperform” rating and a $17.00 target price on the stock. Finally, Wunderlich started coverage on Solaris Oilfield Infrastructure in a report on Tuesday, June 6th. They issued a “buy” rating and a $17.00 target price on the stock. Thirteen investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $16.20.

Shares of Solaris Oilfield Infrastructure (SOI) opened at 12.81 on Friday. The firm has a 50 day moving average price of $12.46 and a 200 day moving average price of $11.91. Solaris Oilfield Infrastructure has a 52 week low of $9.90 and a 52 week high of $14.07. The company has a market capitalization of $137.68 million and a price-to-earnings ratio of 17.87.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its earnings results on Monday, August 14th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.34. The company had revenue of $13.39 million during the quarter, compared to the consensus estimate of $12.36 million. The firm’s quarterly revenue was up 349.9% on a year-over-year basis. Equities analysts forecast that Solaris Oilfield Infrastructure will post $0.45 EPS for the current year.

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Large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund acquired a new stake in Solaris Oilfield Infrastructure during the second quarter worth approximately $123,000. Alliancebernstein L.P. acquired a new stake in Solaris Oilfield Infrastructure during the second quarter worth approximately $125,000. Parametric Portfolio Associates LLC acquired a new stake in Solaris Oilfield Infrastructure during the second quarter worth approximately $125,000. Oppenheimer & Co. Inc. acquired a new stake in Solaris Oilfield Infrastructure during the second quarter worth approximately $173,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Solaris Oilfield Infrastructure during the second quarter worth approximately $198,000. 31.72% of the stock is currently owned by institutional investors and hedge funds.

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.