Aris Water Solutions, Inc. (NYSE:ARIS) Given Average Recommendation of “Hold” by Brokerages

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $26.00.

A number of brokerages have recently issued reports on ARIS. Wall Street Zen downgraded Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. The Goldman Sachs Group cut their target price on Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Citigroup reissued a “neutral” rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Finally, Wells Fargo & Company cut their target price on Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th.

Institutional Investors Weigh In On Aris Water Solutions

A number of large investors have recently bought and sold shares of ARIS. Quarry LP acquired a new stake in Aris Water Solutions during the 4th quarter valued at $27,000. Larson Financial Group LLC acquired a new stake in Aris Water Solutions during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new stake in Aris Water Solutions during the 4th quarter valued at $33,000. Comerica Bank boosted its holdings in shares of Aris Water Solutions by 64.4% during the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $41,000 after purchasing an additional 495 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of Aris Water Solutions by 478.2% during the first quarter. Harbour Investments Inc. now owns 1,538 shares of the company’s stock worth $49,000 after purchasing an additional 1,272 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Stock Down 0.9%

ARIS opened at $24.38 on Friday. The business has a 50 day moving average price of $24.09 and a two-hundred day moving average price of $26.25. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.44 billion, a PE ratio of 29.73 and a beta of 1.69. Aris Water Solutions has a 52 week low of $13.34 and a 52 week high of $33.95.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $120.49 million during the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. As a group, research analysts anticipate that Aris Water Solutions will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, June 5th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 68.29%.

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.