Citigroup Inc. Downgrades Solaris Oilfield Infrastructure, Inc. (SOI) to Market Perform

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) was downgraded by stock analysts at Citigroup Inc. to a “market perform” rating in a report released on Wednesday. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $20.00 target price (up from $16.00) on shares of Solaris Oilfield Infrastructure in a research report on Monday. Zacks Investment Research raised Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, September 29th. Johnson Rice reissued a “buy” rating and issued a $19.00 price target on shares of Solaris Oilfield Infrastructure in a research report on Monday, September 11th. Imperial Capital began coverage on Solaris Oilfield Infrastructure in a research report on Friday, August 18th. They issued an “outperform” rating and a $17.00 price target for the company. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $15.50 price target on shares of Solaris Oilfield Infrastructure in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $17.36.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its earnings results on Monday, August 14th. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.34. The firm had revenue of $13.39 million for the quarter, compared to the consensus estimate of $12.36 million. The firm’s revenue was up 349.9% on a year-over-year basis.

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Several institutional investors and hedge funds have recently modified their holdings of SOI. Spark Investment Management LLC purchased a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth about $1,806,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth about $3,459,000. Hodges Capital Management Inc. purchased a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth about $6,284,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth about $17,799,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth about $198,000. Hedge funds and other institutional investors own 59.23% of the company’s stock.

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.

Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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