Citi analyst Scott Gruber reiterated a Hold rating on Solaris Oilfield Infrastructure (SOI – Research Report) on October 27. The company’s shares closed last Friday at $8.95.
Gruber covers the Energy sector, focusing on stocks such as Occidental Petroleum, Baker Hughes Company, and EOG Resources. According to TipRanks, Gruber has an average return of 15.7% and a 60.86% success rate on recommended stocks.
Solaris Oilfield Infrastructure has an analyst consensus of Moderate Buy, with a price target consensus of $12.50.
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Based on Solaris Oilfield Infrastructure’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $77.2 million and a net profit of $7.53 million. In comparison, last year the company earned a revenue of $86.71 million and had a net profit of $5.45 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SOI in relation to earlier this year.
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Solaris Oilfield Infrastructure (SOI) Company Description:
Solaris Oilfield Infrastructure, Inc. operates as a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant at oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software. Its services include field services, last mile management, and transloading services. The company was founded by William A. Zartler on February 2, 2017 and is headquartered in Houston, TX.