Solaris Oilfield Infrastructure Inc. (NYSE: SOI) stock fell -2.73% on Wednesday to $11.03 against a previous-day closing price of $11.34. With 0.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.2 million shares. The 52-week range on SOI shows that it touched its highest point at $14.61 and its lowest point at $6.11 during that stretch. It currently has a 1-year price target of $15.20. With its current market cap of 517.20 million, SOI has annualized dividend of $0.42 while the current yield stands at 3.81%. Beta for the stock currently stands at 1.49.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SOI was down-trending over the past week, with a drop of -2.82%, but this was down by -11.55% over a month. Three-month performance dropped to -3.58% while six-month performance fell -16.38%. The stock gained 59.39% in the past year, while it has gained 68.40% so far this year. A look at the trailing 12-month EPS for SOI yields 0.51 with Next year EPS estimates of 1.27. For the next quarter, that number is 0.24. This implies an EPS growth rate of 96.10% for this year and 56.20% for next year.
Float and Shares Shorts:
At present, 31.60 million SOI shares are outstanding with a float of 31.49 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.87 million, which was 2.66% higher than short shares on Sep 14, 2022. In addition to Mr. William A. Zartler as the firm’s Founder, Chairman & CEO, Mr. Kyle S. Ramachandran serves as its CFO & Pres.
Through their ownership of 85.93% of SOI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.02% of SOI, in contrast to 30.73% held by mutual funds. Shares owned by individuals account for 25.01%. As the largest shareholder in SOI with 6.21% of the stake, BlackRock Fund Advisors holds 2,042,065 shares worth 2,042,065. A second-largest stockholder of SOI, The Vanguard Group, Inc., holds 1,601,937 shares, controlling over 4.87% of the firm’s shares. Encompass Capital Advisors LLC is the third largest shareholder in SOI, holding 1,490,867 shares or 4.53% stake. With a 2.84% stake in SOI, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 935,530 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.07% of SOI stock, is the second-largest Mutual Fund holder. It holds 679,331 shares valued at 9.25 million. Candoris ICAV – Orchard US Small holds 1.77% of the stake in SOI, owning 581,902 shares worth 7.93 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SOI since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SOI analysts setting a high price target of $17.00 and a low target of $11.00, the average target price over the next 12 months is $15.20. Based on these targets, SOI could surge 54.13% to reach the target high and fall by -0.27% to reach the target low. Reaching the average price target will result in a growth of 37.81% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SOI will report FY 2022 earnings on 02/21/2023. Analysts have provided yearly estimates in a range of $0.92 being high and $0.66 being low. For SOI, this leads to a yearly average estimate of $0.81. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Solaris Oilfield Infrastructure Inc. surprised analysts by -$0.01 when it reported $0.22 EPS against a consensus estimate of $0.23. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.27 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.23.
Summary of Insider Activity:
Insiders traded SOI stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 10,000 shares were bought while 6,484 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 606,861 while 184,356 shares were sold.