Aris Water Solutions (NYSE:ARIS) Shares Gap Up to $14.17

Aris Water Solutions, Inc. (NYSE:ARIS – Get Rating)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $14.17, but opened at $14.64. Aris Water Solutions shares last traded at $14.85, with a volume of 1,464 shares.

Analyst Ratings Changes

Several equities research analysts have weighed in on ARIS shares. Barclays lowered their price target on Aris Water Solutions from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, October 19th. Raymond James lowered their price target on Aris Water Solutions from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. StockNews.com downgraded Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Monday, October 31st. Wells Fargo & Company downgraded Aris Water Solutions from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $20.00 to $17.00 in a report on Friday, December 16th. Finally, Citigroup started coverage on Aris Water Solutions in a report on Thursday, December 8th. They set a “buy” rating and a $20.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.67.

Aris Water Solutions Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $854.22 million, a price-to-earnings ratio of 1,490.00 and a beta of 2.14. The stock has a fifty day moving average of $15.74 and a 200 day moving average of $15.86.

Aris Water Solutions (NYSE:ARIS – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Aris Water Solutions had a return on equity of 7.26% and a net margin of 2.10%. The company had revenue of $90.78 million during the quarter, compared to the consensus estimate of $85.92 million. On average, analysts expect that Aris Water Solutions, Inc. will post 0.18 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Thursday, November 17th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Wednesday, November 16th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 3,600.00%.

Institutional Trading of Aris Water Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in ARIS. Nisa Investment Advisors LLC purchased a new stake in shares of Aris Water Solutions in the second quarter valued at approximately $26,000. First Horizon Advisors Inc. purchased a new stake in shares of Aris Water Solutions in the second quarter valued at approximately $28,000. Metropolitan Life Insurance Co NY purchased a new stake in shares of Aris Water Solutions during the first quarter worth approximately $30,000. Quantbot Technologies LP purchased a new stake in shares of Aris Water Solutions during the first quarter worth approximately $34,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Aris Water Solutions during the second quarter worth approximately $39,000. 39.50% of the stock is currently owned by hedge funds and other institutional investors.

Aris Water Solutions Company Profile

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Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.