Aris Water Solutions, Inc. (NYSE:ARIS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $13.86.

Separately, StockNews.com began coverage on Aris Water Solutions in a research note on Wednesday, August 23rd. They set a “hold” rating for the company.

Institutional Trading of Aris Water Solutions

Several large investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY purchased a new position in shares of Aris Water Solutions during the 1st quarter worth $30,000. Quantbot Technologies LP purchased a new position in Aris Water Solutions during the 1st quarter valued at about $34,000. Macquarie Group Ltd. purchased a new position in Aris Water Solutions during the 2nd quarter valued at about $39,000. Providence Capital Advisors LLC boosted its holdings in Aris Water Solutions by 679.0% during the 1st quarter. Providence Capital Advisors LLC now owns 2,337 shares of the company’s stock valued at $300,000 after acquiring an additional 2,037 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Aris Water Solutions by 39.8% during the 2nd quarter. Legal & General Group Plc now owns 2,430 shares of the company’s stock valued at $41,000 after acquiring an additional 692 shares during the period. 45.02% of the stock is currently owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Performance

Shares of Aris Water Solutions stock opened at $10.88 on Tuesday. Aris Water Solutions has a one year low of $6.69 and a one year high of $17.81. The company has a market capitalization of $627.01 million, a PE ratio of 32.00 and a beta of 1.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50-day simple moving average of $10.76 and a two-hundred day simple moving average of $9.58.

Aris Water Solutions (NYSE:ARIS) last issued its earnings results on Wednesday, August 2nd. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $96.63 million for the quarter, compared to analyst estimates of $89.14 million. Aris Water Solutions had a return on equity of 5.31% and a net margin of 2.93%. Research analysts expect that Aris Water Solutions will post 0.65 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, September 13th. Aris Water Solutions’s dividend payout ratio is currently 105.88%.

Aris Water Solutions Company Profile

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