Piper Jaffray analyst John Watson reiterated a Buy rating on Solaris Oilfield Infrastructure Inc (NYSE: SOI) yesterday and set a price target of $22. The company’s shares closed yesterday at $18.69.
According to TipRanks.com, Watson is a 3-star analyst with an average return of 3.8% and a 54.5% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Tetra Technologies, US Silica Holdings, and Forum Energy Tech.
Solaris Oilfield Infrastructure Inc has an analyst consensus of Strong Buy, with a price target consensus of $22.67.
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Based on Solaris Oilfield Infrastructure Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $10.18 million. In comparison, last year the company had a net profit of $1.28 million.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock.
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Solaris Oilfield Infrastructure, Inc. is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant at oil and natural gas well sites.
