An Important Check-Up On Solaris Oilfield Infrastructure Inc (NYSE: SOI)

Solaris Oilfield Infrastructure Inc (SOI) concluded trading on Wednesday at a closing price of $11.36, with 2.79 million shares of worth about $31.67 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 47.72% during that period and on July 10, 2024 the price saw a gain of about 37.36%. Currently the company’s common shares owned by public are about 28.97M shares, out of which, 24.85M shares are available for trading.

Stock saw a price change of 33.18% in past 5 days and over the past one month there was a price change of 36.21%. Year-to-date (YTD), SOI shares are showing a performance of 42.71% which increased to 28.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.59 but also hit the highest price of $11.32 during that period. The average intraday trading volume for Solaris Oilfield Infrastructure Inc shares is 253.35K. The stock is currently trading 35.26% above its 20-day simple moving average (SMA20), while that difference is up 29.80% for SMA50 and it goes to 31.85% higher than SMA200.

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Solaris Oilfield Infrastructure Inc (NYSE: SOI) currently have 28.97M outstanding shares and institutions hold larger chunk of about 81.78% of that.

The stock has a current market capitalization of $344.78M and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 16.59, while it has posted earnings per share of $0.68 in the same period. It has Quick Ratio of 1.58 while making debt-to-equity ratio of 0.23. 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 8.69% while standing at 3.84% over the month.

Stock’s fiscal year EPS is expected to drop by -28.44% while it is estimated to increase by 44.50% in next year.

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. Coverage by Cowen stated Solaris Oilfield Infrastructure Inc (SOI) stock as a Market perform in their note to investors on April 09, 2021, suggesting a price target of $12 for the stock. On February 23, 2021, Cowen Reiterated their recommendations, while on August 13, 2020, Wells Fargo Downgrade their ratings for the stock with a price target of $7. Stock get a Neutral rating from Piper Sandler on April 15, 2020.

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