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

Aris Water Solutions, Inc. (NYSE:ARIS) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.43.

Several research analysts recently weighed in on ARIS shares. StockNews.com started coverage on shares of Aris Water Solutions in a research report on Thursday, October 5th. They issued a “hold” rating for the company. The Goldman Sachs Group started coverage on shares of Aris Water Solutions in a research report on Thursday, October 5th. They issued a “buy” rating and a $13.00 price objective for the company. Finally, Raymond James dropped their price objective on shares of Aris Water Solutions from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, October 19th.

Institutional Trading of Aris Water Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of Aris Water Solutions by 59.9% in the 2nd quarter. BlackRock Inc. now owns 2,012,623 shares of the company’s stock valued at $20,770,000 after buying an additional 754,175 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Aris Water Solutions by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,614,942 shares of the company’s stock valued at $52,092,000 after buying an additional 686,500 shares during the period. Federated Hermes Inc. grew its holdings in shares of Aris Water Solutions by 50.8% in the 1st quarter. Federated Hermes Inc. now owns 1,885,000 shares of the company’s stock valued at $34,307,000 after buying an additional 635,000 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Aris Water Solutions by 3,083.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 538,589 shares of the company’s stock valued at $9,802,000 after buying an additional 521,670 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Aris Water Solutions by 38.3% in the 1st quarter. Ameriprise Financial Inc. now owns 1,476,196 shares of the company’s stock valued at $11,500,000 after buying an additional 408,949 shares during the period. Institutional investors own 45.02% of the company’s stock.

Aris Water Solutions Stock Performance

NYSE:ARIS opened at $8.81 on Wednesday. Aris Water Solutions has a 1 year low of $6.69 and a 1 year high of $17.81. The firm has a 50 day moving average of $9.65 and a 200-day moving average of $9.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $507.72 million, a P/E ratio of 17.98 and a beta of 1.68.

Aris Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Wednesday, December 6th. Aris Water Solutions’s payout ratio is 73.47%.

About Aris Water Solutions

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.