Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.09 per share.
For the full year, analysts predict revenues of $ 84.95 million, while looking forward to income of $ 0.08 per share.
Previous Quarter Performance
Solaris Oilfield Infrastructure, Inc. posted loss for the second quarter of $ 0.16 per share, from the revenue of $ 9.34 million. The quarterly revenues down 83.83 percent compared with the same quarter last year. Street analysts expected Solaris Oilfield Infrastructure, Inc. to report loss of $ 0.18 per share on revenue of $ 11.55 million for the second quarter. The bottom line results beat street analysts by $ 0.02 or 11.11 percent, at the same time, top line results fell short of analysts by $ 2.21 million or 19.13 percent.
Stock Performance
Shares of Solaris Oilfield Infrastructure, Inc. traded low $ -0.21 or -3.50 percent on Wednesday, reaching $ 5.79 with volume of 188.80 thousand shares. Solaris Oilfield Infrastructure, Inc. has traded high as $ 5.96 and has cracked $ 5.67 on the downward trend
According to the previous trading day, closing price of $ 5.79, representing a 33.33 % increase from the 52 week low of $ 4.50 and a 59.32 % decrease over the 52 week high of $ 14.75.
The company has a market capital of $ 262.09 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Recent Stock Dividend Announcement
On August 28, 2020, the board of directors authorized quarterly dividend of $ 0.105 per share to holders of record as of the close of business on September 7, 2020, with payment date of September 17, 2020 and ex-dividend date on September 4, 2020.
Solaris Oilfield Infrastructure, Inc. manufactures and rents mobile proppant and chemical management systems to unload, store, and deliver proppant and chemicals at oil and natural gas well sites in the United States. Its systems to transfer large quantities of proppant and chemicals to the well sites.
