Q3 2022 EPS Estimates for Solaris Oilfield Infrastructure, Inc. Increased by Capital One Financial (NYSE:SOI)

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Solaris Oilfield Infrastructure, Inc. (NYSE:SOIGet Rating) – Equities research analysts at Capital One Financial raised their Q3 2022 earnings estimates for shares of Solaris Oilfield Infrastructure in a research note issued on Wednesday, August 3rd. Capital One Financial analyst L. Lemoine now forecasts that the company will post earnings of $0.24 per share for the quarter, up from their previous estimate of $0.15. The consensus estimate for Solaris Oilfield Infrastructure’s current full-year earnings is $0.46 per share. Capital One Financial also issued estimates for Solaris Oilfield Infrastructure’s Q1 2023 earnings at $0.30 EPS, Q2 2023 earnings at $0.37 EPS, Q3 2023 earnings at $0.42 EPS, Q4 2023 earnings at $0.49 EPS and FY2023 earnings at $1.57 EPS.

Separately, TheStreet raised shares of Solaris Oilfield Infrastructure from a “c+” rating to a “b” rating in a report on Tuesday.

Solaris Oilfield Infrastructure Stock Up 1.9 %

SOI stock opened at $10.93 on Friday. The firm’s fifty day simple moving average is $11.35 and its 200-day simple moving average is $10.73. The company has a market capitalization of $508.94 million, a P/E ratio of 35.26 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 2.32. Solaris Oilfield Infrastructure has a 12 month low of $6.11 and a 12 month high of $14.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Ellevest Inc. grew its holdings in Solaris Oilfield Infrastructure by 74.8% in the 1st quarter. Ellevest Inc. now owns 3,220 shares of the company’s stock valued at $36,000 after buying an additional 1,378 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in Solaris Oilfield Infrastructure during the 2nd quarter valued at $40,000. Amalgamated Bank acquired a new stake in shares of Solaris Oilfield Infrastructure during the first quarter worth $47,000. King Luther Capital Management Corp acquired a new stake in shares of Solaris Oilfield Infrastructure during the first quarter worth $119,000. Finally, Pitcairn Co. acquired a new stake in shares of Solaris Oilfield Infrastructure during the first quarter worth $121,000. Institutional investors own 70.21% of the company’s stock.

Insider Activity at Solaris Oilfield Infrastructure

In other news, insider Christopher M. Powell sold 8,061 shares of Solaris Oilfield Infrastructure stock in a transaction on Monday, May 16th. The stock was sold at an average price of $12.54, for a total transaction of $101,084.94. Following the completion of the transaction, the insider now owns 53,770 shares of the company’s stock, valued at approximately $674,275.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Christopher M. Powell sold 8,061 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $12.54, for a total transaction of $101,084.94. Following the sale, the insider now directly owns 53,770 shares of the company’s stock, valued at approximately $674,275.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James R. Burke sold 6,243 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $12.18, for a total value of $76,039.74. Following the sale, the director now directly owns 22,087 shares in the company, valued at $269,019.66. The disclosure for this sale can be found here. Insiders have sold a total of 71,037 shares of company stock worth $918,647 in the last three months. Insiders own 30.59% of the company’s stock.

Solaris Oilfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Tuesday, June 7th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Monday, June 6th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.84%. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is presently 135.49%.

Solaris Oilfield Infrastructure Company Profile

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Solaris Oilfield Infrastructure, Inc designs, manufactures, and sells mobile equipment to unload, store, and deliver proppant, water, and chemicals at oil and natural gas well sites in the United States. It is involved in the transloading and storage of proppant or railcars at its transloading facility.

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Earnings History and Estimates for Solaris Oilfield Infrastructure (NYSE:SOI)

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