Solaris Oilfield Infrastructure Inc (NYSE:SOI) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 316,571 shares, a decline of 56.2% from the January 12th total of 723,541 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 510,708 shares, the days-to-cover ratio is presently 0.6 days.
Shares of Solaris Oilfield Infrastructure (NYSE SOI) opened at $18.82 on Friday. The stock has a market cap of $878.56 and a price-to-earnings ratio of 85.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.78 and a current ratio of 7.44. Solaris Oilfield Infrastructure has a 12 month low of $9.90 and a 12 month high of $23.98.
Several equities analysts have recently commented on SOI shares. Citigroup boosted their target price on shares of Solaris Oilfield Infrastructure to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 12th. Piper Jaffray Companies set a $24.00 price target on shares of Solaris Oilfield Infrastructure and gave the company a “buy” rating in a research note on Monday, December 25th. Zacks Investment Research raised shares of Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, January 11th. Oppenheimer reaffirmed a “buy” rating and set a $20.00 price target on shares of Solaris Oilfield Infrastructure in a research note on Monday, November 6th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $26.00 price target on shares of Solaris Oilfield Infrastructure in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $20.04.
A number of institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its stake in Solaris Oilfield Infrastructure by 73.6% during the fourth quarter. American International Group Inc. now owns 11,776 shares of the company’s stock valued at $252,000 after purchasing an additional 4,994 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Solaris Oilfield Infrastructure by 54.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,613 shares of the company’s stock valued at $312,000 after acquiring an additional 5,128 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in Solaris Oilfield Infrastructure during the fourth quarter valued at $143,000. ClariVest Asset Management LLC bought a new position in Solaris Oilfield Infrastructure during the third quarter valued at $146,000. Finally, Sei Investments Co. bought a new position in Solaris Oilfield Infrastructure during the third quarter valued at $152,000. 59.00% of the stock is currently owned by institutional investors.
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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