Solaris Oilfield Infrastructure, Inc. (SOI) Director Sells $40,009,423.04 in Stock

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Director W Howard Keenan, Jr. sold 2,660,201 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total value of $40,009,423.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) traded down $0.78 during trading on Wednesday, hitting $15.28. The stock had a trading volume of 640,100 shares, compared to its average volume of 263,520. Solaris Oilfield Infrastructure, Inc. has a twelve month low of $9.90 and a twelve month high of $18.42. The company has a current ratio of 7.44, a quick ratio of 6.78 and a debt-to-equity ratio of 0.06.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). Solaris Oilfield Infrastructure had a net margin of 18.84% and a return on equity of 10.16%. The business had revenue of $18.50 million during the quarter, compared to analyst estimates of $17.14 million. The firm’s revenue was down 99.6% on a year-over-year basis. equities analysts forecast that Solaris Oilfield Infrastructure, Inc. will post 0.52 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in SOI. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at $17,799,000. Schroder Investment Management Group acquired a new position in Solaris Oilfield Infrastructure during the 2nd quarter worth about $10,623,000. Jennison Associates LLC acquired a new position in Solaris Oilfield Infrastructure during the 2nd quarter worth about $8,818,000. Hodges Capital Management Inc. acquired a new position in Solaris Oilfield Infrastructure during the 2nd quarter worth about $6,284,000. Finally, Balyasny Asset Management LLC acquired a new position in Solaris Oilfield Infrastructure during the 2nd quarter worth about $5,725,000. 58.69% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. Zacks Investment Research cut Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Raymond James Financial, Inc. cut Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 11th. UBS AG assumed coverage on Solaris Oilfield Infrastructure in a report on Wednesday, July 19th. They issued an “outperform” rating for the company. Citigroup Inc. cut Solaris Oilfield Infrastructure to a “market perform” rating in a report on Wednesday, October 11th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $20.00 target price (up from $16.00) on shares of Solaris Oilfield Infrastructure in a report on Monday, October 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Solaris Oilfield Infrastructure has a consensus rating of “Buy” and an average target price of $17.68.

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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