Piper Sandler analyst Luke Lemoine assigned a Buy rating to Solaris Oilfield Infrastructure (SOI – Research Report) today and set a price target of $11.00. The company’s shares closed last Friday at $9.01.
Lemoine covers the Energy sector, focusing on stocks such as Solaris Oilfield Infrastructure, Helix Energy, and Schlumberger. According to TipRanks, Lemoine has an average return of 6.6% and a 59.20% success rate on recommended stocks.
Currently, the analyst consensus on Solaris Oilfield Infrastructure is a Moderate Buy with an average price target of $9.83, which is a 9.10% upside from current levels. In a report released on April 30, Stifel Nicolaus also maintained a Buy rating on the stock with a $10.00 price target.
Based on Solaris Oilfield Infrastructure’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $67.89 million and a net profit of $4.32 million. In comparison, last year the company earned a revenue of $82.72 million and had a net profit of $7.57 million
Based on the recent corporate insider activity of 24 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.
