Solaris Oilfield Infrastructure Inc (NYSE:SOI) Director W Howard Keenan, Jr. sold 1,408,388 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $21.65, for a total transaction of $30,491,600.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Solaris Oilfield Infrastructure Inc (SOI) opened at $19.98 on Wednesday. The firm has a market cap of $932.71 and a PE ratio of 90.82. Solaris Oilfield Infrastructure Inc has a 12 month low of $9.90 and a 12 month high of $23.98. 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 (NYSE:SOI) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The business had revenue of $18.50 million for the quarter, compared to analyst estimates of $17.14 million. Solaris Oilfield Infrastructure had a return on equity of 10.16% and a net margin of 18.84%. The company’s revenue for the quarter was down 99.6% compared to the same quarter last year. analysts expect that Solaris Oilfield Infrastructure Inc will post 0.56 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC acquired a new stake in Solaris Oilfield Infrastructure during the third quarter worth about $146,000. Sei Investments Co. acquired a new stake in Solaris Oilfield Infrastructure during the third quarter worth about $152,000. New York State Common Retirement Fund acquired a new stake in Solaris Oilfield Infrastructure during the second quarter worth about $123,000. Dynamic Technology Lab Private Ltd acquired a new stake in Solaris Oilfield Infrastructure during the third quarter worth about $187,000. Finally, Alliancebernstein L.P. acquired a new stake in Solaris Oilfield Infrastructure during the second quarter worth about $125,000. Hedge funds and other institutional investors own 56.36% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Imperial Capital upped their target price on shares of Solaris Oilfield Infrastructure to $23.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. Piper Jaffray Companies restated a “buy” rating and issued a $19.00 target price on shares of Solaris Oilfield Infrastructure in a research note on Sunday, November 5th. Oppenheimer restated a “buy” rating and issued a $20.00 target price on shares of Solaris Oilfield Infrastructure in a research note on Monday, November 6th. Zacks Investment Research lowered shares of Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Finally, Citigroup lowered shares of Solaris Oilfield Infrastructure to a “market perform” rating in a research note on Wednesday, October 11th. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $19.79.

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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.

Insider Buying and Selling by Quarter for Solaris Oilfield Infrastructure (NYSE:SOI)

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