Solaris Oilfield Infrastructure Inc (SOI) Receives a Buy from Imperial Capital

By Ryan Adsit

Imperial Capital analyst Jason Wangler maintained a Buy rating on Solaris Oilfield Infrastructure Inc (SOIResearch Report) yesterday and set a price target of $17. The company’s shares closed yesterday at $12.35, close to its 52-week low of $10.50.

According to TipRanks.com, Wangler is ranked 0 out of 5 stars with an average return of -7.2% and a 35.7% success rate. Wangler covers the Basic Materials sector, focusing on stocks such as Superior Drilling Products, Whiting Petroleum Corp, and Resolute Energy Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Solaris Oilfield Infrastructure Inc with a $19.30 average price target, which is a 56.3% upside from current levels. In a report issued on December 19, Credit Suisse also maintained a Buy rating on the stock with a $17 price target.

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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.