Oppenheimer Believes Solaris Oilfield Infrastructure Inc (NYSE: SOI) Still Has Room to Grow

By Jason Carr

In a report released today, Scott Schneeberger from Oppenheimer maintained a Buy rating on Solaris Oilfield Infrastructure Inc (NYSE: SOI), with a price target of $26. The company’s shares closed yesterday at $22.41, close to its 52-week high of $23.98.

Schneeberger observed:

“We remain drawn to Solaris heading into 2018. Anticipating the company having little trouble achieving its guidance of 74-76 units on rent exiting 2017, we’re increasing our 2018-2019 estimates and price target from $20 to $26 ahead of its 4Q17 release on continued robust rental unit growth momentum. Solaris is executing well upon its strategic plan having recently expanded its supply chain capabilities via its acquisition of Railtronix LLC, a leading real-time inventory management solution provider. We see this enhancing the potential incremental customers engaging in Solaris’ new Oklahoma rail transload facility, which would further boost the company’s intermediate-/long-term growth profile. With Solaris’ core well-site sand storage/ distribution solution gaining incremental adoption in an industry benefiting from secular and cyclical tailwinds we reiterate Outperform.”

According to TipRanks.com, Schneeberger is a top 100 analyst with an average return of 17.3% and a 73.4% success rate. Schneeberger covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, New Oriental Education Tech, and Service Corp International.

Solaris Oilfield Infrastructure Inc has an analyst consensus of Strong Buy, with a price target consensus of $23.13.

Based on the recent corporate insider activity of 16 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 operation of its subsidiary Solaris Oilfield Infrastructure, LLC. The firm manufactures and provides patented mobile proppant management systems.