Solaris Oilfield Infrastructure (SOI) Update - July 4
Posted: Mon Jul 04, 2022 11:14 am
SOI closed on July 1 at $11.03. My valuation stays at $17.50. < Commodity prices have no direct impact on the Company's revenues.
First Call's price target is $14.25.
SOI is virtually debt free and it pays a quarterly dividend of $0.105 for annualize yield of ~3.8%. I expect them to raise the dividend soon.
SOI is an oilfield services company that is #1 in equipment and software that manages frac sand at the wellsite. They gained market share during the pandemic and maintained their dividend. As the number of horizontal well completions increases, so does the Company's revenues.
Per my forecast, the Company's Net Income in 2022 should be $22.6 million ($0.72/share). This compares to First Call's EPS estimate of $0.58.
2022 operating cash flow should be approximately $74.5 million ($2.37/share), which compares to 2021 CFPS of $1.02.
Solaris is free cash flow positive, net of capex and dividends.
First Call's price target is $14.25.
SOI is virtually debt free and it pays a quarterly dividend of $0.105 for annualize yield of ~3.8%. I expect them to raise the dividend soon.
SOI is an oilfield services company that is #1 in equipment and software that manages frac sand at the wellsite. They gained market share during the pandemic and maintained their dividend. As the number of horizontal well completions increases, so does the Company's revenues.
Per my forecast, the Company's Net Income in 2022 should be $22.6 million ($0.72/share). This compares to First Call's EPS estimate of $0.58.
2022 operating cash flow should be approximately $74.5 million ($2.37/share), which compares to 2021 CFPS of $1.02.
Solaris is free cash flow positive, net of capex and dividends.