Solaris Oilfield Infrastructure, Inc. (SOI) Sinks -4.16% Today: Breaking Down The Root Causes

Stay Ahead of Wall Street. Find out what is happening to Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) stock today? Its price is nose-diving -0.65 points, trading at $14.97 levels, and is down -4.16% from its previous close of $15.62. The shares seem to have an active trading volume day with a reported 195992 contracts so far this session. SOI shares had a relatively better volume day versus average trading capacity of 560.6 thousand shares, but with a 30.19 million float and a 7.13% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SOI stock indicates that the average analyst price target is $21.08 per share. This means the stock has a potential increase of 40.81% from where the SOI share price has been trading recently which is between $15.57 and $16.225. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $20.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Why We Like Solaris Oilfield Infrastructure, Inc.s (NYSE:SOI) 28% Return On Capital Employed” and dated June 10, 2019.

During the recent trading session for Solaris Oilfield Infrastructure, Inc. (NYSE:SOI), the company witnessed their stock rise $0.37 over a week and tumble down $-2.33 from the price 20 days ago. When compared to their established 52-week high of $19.31, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 04/23/19. The recent low of $10.5 stood for a -22.48% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Solaris Oilfield Infrastructure, Inc., the two-week RSI stands at 39.61. This figure suggests that SOI stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SOI readings is similarly very revealing as it has a stochastic reading of 52.2% at this stage. This figure means that SOI share price today is being neutral.

Technical chart claims that Solaris Oilfield Infrastructure, Inc. (SOI) would settle between $16.04/share to $16.46/share level. However, if the stock price goes below the $15.38 mark, then the market for Solaris Oilfield Infrastructure, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $15.15 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.52. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at Cowen lifted target price for shares of SOI but were stick to Outperform recommendation for the stock in their opinion released on May 02. The price target has been raised from $20 to $21. B. Riley FBR, analysts launched coverage of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) stock with a Buy recommendation, according to their flash note issued to investors on March 13. Analysts at Goldman, made their first call for the equity with a Neutral recommendation, according to a research note that dated back to March 11.

SOI equity has an average rating of 1.86, with the figure leaning towards a bullish end. 14 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 12 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 12 analysts rated Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, SOI stock price is currently trading at 6.68X forward 12-month Consensus EPS estimates, and its P/S ratio is 3.44 while for the average stock in the same group, the multiple is 6.62. Solaris Oilfield Infrastructure, Inc. current P/E ratio of 8.59 means it is trading at a discount against its industry’s 27.27. In the past 5 years, this ratio for the stock has been fluctuating between 0 and 0.

Solaris Oilfield Infrastructure, Inc. (SOI)’s current-quarter revenues are projected to climb by nearly 21.8% to hit $57.44 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 19.45% from $197200 to a noteworthy $235550. At the other end of the current quarter income statement, Solaris Oilfield Infrastructure, Inc. is expected to see its adjusted earnings surge by roughly 11.9% to hit $0.47 per share. For the fiscal year, SOI’s earnings are projected to climb by roughly 14.2% to hit $1.93 per share.