Monday, June 1, 2020

Piper Sandler Issued Neutral rating on Solaris Oilfield Infrastructure Inc. (SOI) with a $16 – $8.50 Price Target

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The Solaris Oilfield Infrastructure Inc. (NYSE:SOI) went up by 0.63% in Thursday’s trading session, a rise equivalent to $0.04 from pervious market close price. The lowest point that the shares touched during the trading session was $6.28, while the peak of the day was recorded at a share price of $6.50. SOI finished the previous session at $6.36 according to the data provided by Barchart, while the trading volume was observed to be $0.31 million.

In the 100 days of trading, SOI managed to top a 8.94% Moving average. Additionally, Solaris Oilfield Infrastructure Inc. shares have achieved a 52-week range between 4.50 and 17.27 alongside 100 days raw stochastic set at 19.53%.

The number of shares outstanding, according to the fundamentals of the company, is set at 29.31M, equal to the value of $282.18M in market capitalization. In the last 30 days, Solaris Oilfield Infrastructure Inc. shares went down by -15.90%, adding 7.61 to growth in value, on top of a +26.48% boost since 04/21/20.

Solaris Oilfield Infrastructure Inc. (NYSE:SOI) Analyst’s Estimates

Solaris Oilfield Infrastructure Inc. (SOI) could record at least -$0.11 per share in quarterly earnings in the upcoming report on 08/04/2020, a number that would actually represent an increase of 0.01 YOY.

According to the average analyst rating, Solaris Oilfield Infrastructure Inc. would be rated as Overweight. Out of 14 different analysts monitoring SOI stock, 8 analysts rate the stock as a BUY, 5 suggest to give the rating of HOLD, 1 indicate that SOI is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.

On April 15, 2020, the stock earned a Downgrade rating due to a new analyst call from Piper Sandler, while analysts from Evercore ISI believe that the stock is set at In-line from Outperform, as concluded on March 09, 2020. Citigroup, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on March 09, 2020.

Regardless of the rating, Cowen did decrease their price from $18 to $16.50 as they are considering target share price analysis. Imperial Capital, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on February 20, 2020, giving the stock a Outperform rating.

SOI Key Ratios To Watch:

Taking in account the profitability of the Company, gross profit margin of +52.59% has been attained, while the operating margin has been recorded at +44.90%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 10.56%. Additionally, Solaris Oilfield Infrastructure Inc. is recording price volatility of 6.94% for the period of the last seven days and 9.49% in the last 30 days.

Solaris Oilfield Infrastructure Inc. (NYSE:SOI) Technical Outlook

For the period of the last 50 days, Solaris Oilfield Infrastructure Inc. had its Raw Stochastic average set at 61.09% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 52.55%. Stochastic %K for Solaris Oilfield Infrastructure Inc., with the last 20 days included, was set at 44.97%, having Stochastic %D topping 41.35%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Solaris Oilfield Infrastructure Inc. stocks with recording -54.29% in metrics.

Solaris Oilfield Infrastructure Inc. Insider Watch:

Similarly, 7.74% of the company’s float is held by institutions – and there are 4 institutions in total holding shares of this company. The top three institutional holders of SOI stocks are: FMR, LLC with ownership of $12.72 million, which is approximately 2423240 of the company’s shares; Blackrock Inc., holding 2285304 shares of the stock with an approximate value of $12.0 million; and Vanguard Group, Inc. (The), currently with more than 1603743 shares of the company valued at $8.42 million. Positions in Solaris Oilfield Infrastructure Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 7 insider purchases amounting to 212000 shares.

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