Aris Water Solutions (ARIS) Scheduled to Post Earnings on Monday

Aris Water Solutions (NYSE:ARIS) will issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Aris Water Solutions (NYSE:ARIS) last released its earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. The company had revenue of $101.12 million during the quarter, compared to the consensus estimate of $97.86 million. On average, analysts expect Aris Water Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aris Water Solutions Trading Down 1.2 %

Aris Water Solutions stock opened at $16.30 on Friday. Aris Water Solutions has a 12 month low of $7.22 and a 12 month high of $18.99. 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 stock has a market cap of $947.19 million, a P/E ratio of 21.73 and a beta of 1.62. The company’s fifty day simple moving average is $16.47 and its 200-day simple moving average is $15.79.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.42 annualized dividend and a dividend yield of 2.58%. Aris Water Solutions’s payout ratio is 56.00%.

Insider Activity at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 14,813 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the transaction, the chief operating officer now directly owns 94,690 shares in the company, valued at approximately $1,405,199.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 23.06% of the company’s stock.

Analysts Set New Price Targets

Separately, US Capital Advisors raised shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $15.25.

About Aris Water Solutions

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.