Seaport Res Ptn Has Positive Outlook of ARIS FY2024 Earnings

Aris Water Solutions, Inc. (NYSE:ARIS) – Equities research analysts at Seaport Res Ptn increased their FY2024 EPS estimates for shares of Aris Water Solutions in a research note issued on Wednesday, November 6th. Seaport Res Ptn analyst J. Campbell now forecasts that the company will post earnings per share of $0.84 for the year, up from their prior forecast of $0.81. The consensus estimate for Aris Water Solutions’ current full-year earnings is $0.88 per share. Seaport Res Ptn also issued estimates for Aris Water Solutions’ Q4 2025 earnings at $0.29 EPS.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $101.12 million for the quarter, compared to analyst estimates of $97.86 million. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.78%.

ARIS has been the subject of a number of other research reports. Stifel Nicolaus boosted their price target on Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday. US Capital Advisors raised shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their target price for the company from $19.00 to $22.00 in a research report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Evercore ISI increased their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $23.65 on Friday. Aris Water Solutions has a 12-month low of $7.22 and a 12-month high of $23.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 29.56 and a beta of 1.62. The business has a 50 day simple moving average of $16.91 and a 200 day simple moving average of $16.04.

Institutional Trading of Aris Water Solutions

Hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Aris Water Solutions in the second quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new position in Aris Water Solutions in the 3rd quarter worth approximately $39,000. New York State Teachers Retirement System grew its position in Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after purchasing an additional 2,346 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Aris Water Solutions during the 2nd quarter valued at $46,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Aris Water Solutions in the second quarter valued at $82,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction on 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 sale, the chief operating officer now owns 94,690 shares in the company, valued at approximately $1,405,199.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.46% of the stock is currently owned by company insiders.

Aris Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 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 1.78%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s payout ratio is 52.50%.

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.