Solaris Oilfield Infrastructure (NYSE:SOI – Get Rating) is set to issue its quarterly earnings data after the market closes on Monday, October 31st. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.
Solaris Oilfield Infrastructure (NYSE:SOI – Get Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.07. The business had revenue of $86.71 million during the quarter, compared to the consensus estimate of $65.70 million. Solaris Oilfield Infrastructure had a return on equity of 4.87% and a net margin of 4.38%. On average, analysts expect Solaris Oilfield Infrastructure to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
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Solaris Oilfield Infrastructure Stock Up 1.7 %
SOI stock opened at $12.22 on Monday. The company has a market cap of $569.12 million, a PE ratio of 39.07 and a beta of 1.32. The business has a 50-day simple moving average of $10.47 and a 200 day simple moving average of $11.13. Solaris Oilfield Infrastructure has a 52 week low of $6.11 and a 52 week high of $14.61. The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 0.24.
Solaris Oilfield Infrastructure Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, September 6th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Friday, September 2nd. Solaris Oilfield Infrastructure's dividend payout ratio (DPR) is presently 135.49%.
Insiders Place Their Bets
In other Solaris Oilfield Infrastructure news, CEO William A. Zartler bought 10,000 shares of the stock in a transaction on Thursday, September 15th. The stock was purchased at an average price of $10.47 per share, with a total value of $104,700.00. Following the completion of the purchase, the chief executive officer now owns 561,175 shares in the company, valued at $5,875,502.25. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 30.59% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SOI. Wellington Management Group LLP acquired a new position in shares of Solaris Oilfield Infrastructure in the first quarter valued at approximately $6,115,000. Millennium Management LLC increased its stake in shares of Solaris Oilfield Infrastructure by 126.3% in the second quarter. Millennium Management LLC now owns 563,930 shares of the company's stock valued at $6,136,000 after buying an additional 314,684 shares during the period. Prudential Financial Inc. acquired a new position in shares of Solaris Oilfield Infrastructure in the second quarter valued at approximately $1,862,000. Vanguard Group Inc. increased its stake in shares of Solaris Oilfield Infrastructure by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,615,946 shares of the company's stock valued at $18,244,000 after buying an additional 151,116 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Solaris Oilfield Infrastructure by 172.1% in the first quarter. Goldman Sachs Group Inc. now owns 131,315 shares of the company's stock valued at $1,482,000 after buying an additional 83,063 shares during the period. Institutional investors and hedge funds own 59.70% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, TheStreet raised Solaris Oilfield Infrastructure from a "c+" rating to a "b" rating in a research note on Tuesday, August 2nd.
Solaris Oilfield Infrastructure Company Profile
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Solaris Oilfield Infrastructure, Inc designs, manufactures, and sells mobile equipment to unload, store, and deliver proppant, water, and chemicals at oil and natural gas well sites in the United States. It is involved in the transloading and storage of proppant or railcars at its transloading facility.
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