Aris Water Solutions, Inc. (NYSE:ARIS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.93.

Several analysts recently commented on ARIS shares. Evercore ISI raised their price objective on Aris Water Solutions from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Citigroup raised their price objective on Aris Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, Stifel Nicolaus raised their price objective on Aris Water Solutions from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th.

Insider Buying and Selling

In related news, COO Brunt David Dylan Van sold 14,813 shares of Aris Water Solutions stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the completion of the transaction, the chief operating officer now owns 94,690 shares in the company, valued at $1,405,199.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 23.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aris Water Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new stake in Aris Water Solutions during the second quarter worth approximately $82,000. Algert Global LLC acquired a new stake in Aris Water Solutions during the second quarter worth approximately $199,000. Susquehanna Fundamental Investments LLC acquired a new stake in Aris Water Solutions during the second quarter worth approximately $881,000. Deerfield Management Company L.P. Series C lifted its position in Aris Water Solutions by 285.3% during the second quarter. Deerfield Management Company L.P. Series C now owns 55,490 shares of the company’s stock worth $870,000 after acquiring an additional 41,090 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Aris Water Solutions during the second quarter worth approximately $765,000. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Stock Performance

ARIS stock opened at $16.82 on Tuesday. The business’s fifty day moving average is $16.01 and its 200-day moving average is $14.68. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. The company has a market cap of $977.09 million, a P/E ratio of 23.36 and a beta of 1.64. Aris Water Solutions has a twelve month low of $7.22 and a twelve month high of $17.91.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $101.12 million for the quarter, compared to the consensus estimate of $97.86 million. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. Equities research analysts forecast that Aris Water Solutions will post 0.88 EPS for the current year.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, September 5th. Aris Water Solutions’s payout ratio is currently 58.33%.

Aris Water Solutions Company Profile

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.