The Vanguard Group, Inc. has recently announced that it has increased stake in Solaris Oilfield Infrastructure Inc (NYSE:SOI) by 1.01%. After grabbing 1.66 million shares, the institutional investor is now in possession of 16632.0 shares of the Energy Company. The new investment brought the stake of investor firm to 5.42% having worth around $14.18 million. Moreover, Dimensional Fund Advisors LP increased its share by 9350.0 to have a control over 1.5 million shares. And Royce & Associates LP raised its holdings to 46904.0 shares by acquiring 0.92 million shares or 3.00% of the stake.
Solaris Oilfield Infrastructure Inc (SOI) concluded trading on 12/28/23 at a closing price of $8.00, with 2.43 million shares of worth about $19.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.08% during that period and on Thursday the price saw a gain of about 1.27%. Currently the company’s common shares owned by public are about 31.64M shares, out of which, 25.60M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the SOI stock and their offered price forecasts bring an average price target of $12.38. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $9.50. The stock’s current price level is 35.38% above of average price target set by the analysts, while a rise to estimated low would result in gain of 15.79% for the stock. However, touching the estimated high of $15.00 would mean a gain of 46.67% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 23 times over the past 12 months. They bought 476,187 shares in 14 of the transactions. In 9 selling transactions, insiders dumped 105,632 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Royce Small-Cap Opportunity Fund are the top 3 mutual funds which are holding stakes in Solaris Oilfield Infrastructure Inc Vanguard Total Stock Market ETF is currently holding 0.94 million shares of worth totaling $8.01 million. The company recently came buying 0.0 shares which brought its stake up to 3.06% of the company’s outstanding shares. iShares Russell 2000 ETF bought 372.0 shares, after which its hold over company’s outstanding shares expand to 2.47%, leaving 0.76 million shares with the mutual fund that have a worth of about $6.47 million. Royce Small-Cap Opportunity Fund, after buying 0.59 million shares, have now control over 1.94% of the stake in the company. It holds 35167.0 shares of worth $5.07 million.
Solaris Oilfield Infrastructure Inc (NYSE: SOI) started trading at $7.88, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 8.09, or with a gain of 1.27%. Stock saw a price change of -2.08% in past 5 days and over the past one month there was a price change of -6.21%. Year-to-date (YTD), SOI shares are showing a performance of -19.44% which decreased to -20.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.15 but also hit the highest price of $11.32 during that period. The average intraday trading volume for Solaris Oilfield Infrastructure Inc shares is 203.75K. The stock is currently trading -3.24% below its 20-day simple moving average (SMA20), while that difference is down -9.42% for SMA50 and it goes to -11.67% lower than SMA200.
The Vanguard Group, Inc. acquired 1.66 million shares of Solaris Oilfield Infrastructure Inc having value of about $14.18 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 16632.0 shares in the company valued at close to $133056.0, or have control over 1.01% stake in the company. Solaris Oilfield Infrastructure Inc (NYSE: SOI) currently have 31.64M outstanding shares and institutions hold larger chunk of about 70.91% of that. Holding of mutual funds in the company is about 37.39% while other institutional holders and individual stake holders have control over 38.17% and 33.91% of the stake respectively.
The stock has a current market capitalization of $244.64M and its 3Y-monthly beta is at 1.35. PE ratio of stock for trailing 12 months is 10.18, while it has posted earnings per share of $0.79 in the same period. It has Quick Ratio of 1.57 while making debt-to-equity ratio of 0.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SOI, volatility over the week remained 4.31% while standing at 3.53% over the month.
Analysts are in expectations that Solaris Oilfield Infrastructure Inc (SOI) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 45.71% while it is estimated to increase by 28.21% in next year.
Analysts at 5 brokerage firms have issued recommendations for the Solaris Oilfield Infrastructure Inc (SOI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 5 Wall Street analysts, 2 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Cowen on February 23, 2022 offering a Market perform rating for the stock and assigned a target price range of between $11 and $10 to it.
