Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Announces $0.12 Quarterly Dividend

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, June 7th will be given a dividend of 0.12 per share on Monday, June 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, June 7th.

Solaris Oilfield Infrastructure has raised its dividend payment by an average of 2.3% per year over the last three years and has raised its dividend every year for the last 1 years. Solaris Oilfield Infrastructure has a dividend payout ratio of 53.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Solaris Oilfield Infrastructure to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 66.7%.

Solaris Oilfield Infrastructure Stock Up 13.9 %

Shares of SOI traded up $1.18 during mid-day trading on Friday, reaching $9.64. The company’s stock had a trading volume of 1,062,786 shares, compared to its average volume of 260,331. The business has a fifty day moving average of $8.47 and a 200 day moving average of $8.40. The company has a market cap of $414.62 million, a price-to-earnings ratio of 14.18 and a beta of 1.29. Solaris Oilfield Infrastructure has a 1 year low of $6.59 and a 1 year high of $11.32. The company has a quick ratio of 1.63, a current ratio of 1.80 and a debt-to-equity ratio of 0.33.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Thursday, April 25th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $67.89 million during the quarter, compared to analyst estimates of $63.55 million. Solaris Oilfield Infrastructure had a return on equity of 10.80% and a net margin of 7.58%. As a group, analysts forecast that Solaris Oilfield Infrastructure will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Solaris Oilfield Infrastructure news, insider Christopher M. Powell sold 17,500 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $8.50, for a total transaction of $148,750.00. Following the transaction, the insider now directly owns 130,202 shares of the company’s stock, valued at $1,106,717. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 34.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. TheStreet downgraded shares of Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. Stifel Nicolaus dropped their price target on shares of Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd.

About Solaris Oilfield Infrastructure

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.