Wall Street analysts expect Solaris Oilfield Infrastructure Inc (NYSE:SOI) to report earnings per share of $0.30 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Solaris Oilfield Infrastructure’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.35. The firm is expected to report its next earnings report on Tuesday, June 5th.
According to Zacks, analysts expect that Solaris Oilfield Infrastructure will report full year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.48 to $2.13. For the next financial year, analysts anticipate that the company will report earnings of $2.69 per share, with EPS estimates ranging from $2.48 to $3.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Solaris Oilfield Infrastructure.
Solaris Oilfield Infrastructure (NYSE:SOI) last issued its earnings results on Tuesday, March 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). The company had revenue of $25.20 million during the quarter, compared to analysts’ expectations of $24.22 million. Solaris Oilfield Infrastructure had a net margin of 12.50% and a return on equity of 11.07%. The business’s quarterly revenue was up 245.8% on a year-over-year basis.
In other news, major shareholder Solaris Energy Capital, Llc sold 567,444 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $21.65, for a total value of $12,285,162.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 1,408,388 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $21.65, for a total value of $30,491,600.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,059,988 shares of company stock worth $44,598,740.
Institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund acquired a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at $123,000. Parametric Portfolio Associates LLC acquired a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at $125,000. Alliancebernstein L.P. acquired a new position in Solaris Oilfield Infrastructure during the 2nd quarter worth about $125,000. Metropolitan Life Insurance Co. NY acquired a new position in Solaris Oilfield Infrastructure during the 4th quarter worth about $143,000. Finally, ClariVest Asset Management LLC acquired a new position in Solaris Oilfield Infrastructure during the 3rd quarter worth about $146,000. 64.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of SOI stock traded down $0.74 during trading hours on Monday, reaching $15.98. The company’s stock had a trading volume of 354,477 shares, compared to its average volume of 459,167. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.27 and a quick ratio of 3.90. Solaris Oilfield Infrastructure has a 12 month low of $9.90 and a 12 month high of $23.98.
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About Solaris Oilfield Infrastructure
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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