Aris Water Solutions (NYSE:ARIS) Price Target Raised to $25.00 at Wells Fargo & Company

Aris Water Solutions (NYSE:ARIS) had its price objective boosted by Wells Fargo & Company from $23.00 to $25.00 in a report released on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

ARIS has been the subject of a number of other reports. Evercore ISI reduced their target price on shares of Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating for the company in a research note on Monday. JPMorgan Chase & Co. started coverage on shares of Aris Water Solutions in a research note on Tuesday, July 29th. They issued a “neutral” rating and a $25.00 target price for the company. Capital One Financial lowered shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. The Goldman Sachs Group reduced their target price on shares of 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. Finally, Citigroup reaffirmed a “neutral” rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.50.

Aris Water Solutions Price Performance

ARIS opened at $23.7480 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a 12 month low of $14.46 and a 12 month high of $33.95. The company has a fifty day simple moving average of $23.15 and a 200 day simple moving average of $25.39. The stock has a market cap of $1.40 billion, a P/E ratio of 28.61 and a beta of 1.67.

Aris Water Solutions (NYSE:ARIS) last announced its earnings results on Monday, August 11th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The company had revenue of $124.09 million during the quarter, compared to analyst estimates of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. On average, research analysts expect that Aris Water Solutions will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.56 annualized dividend and a yield of 2.4%. Aris Water Solutions’s dividend payout ratio is 67.47%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ARIS. Quarry LP acquired a new position in Aris Water Solutions during the fourth quarter valued at approximately $27,000. AlphaQuest LLC lifted its stake in Aris Water Solutions by 7,114.3% in the 2nd quarter. AlphaQuest LLC now owns 1,515 shares of the company’s stock valued at $36,000 after purchasing an additional 1,494 shares during the last quarter. Comerica Bank lifted its stake in Aris Water Solutions by 64.4% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $41,000 after purchasing an additional 495 shares during the last quarter. Harbour Investments Inc. lifted its stake in Aris Water Solutions by 478.2% in the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company’s stock valued at $49,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions in the 4th quarter valued at about $52,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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.