Aris Water Solutions, Inc. (NYSE:ARIS) Receives Consensus Rating of “Hold” from Brokerages

Aris Water Solutions, Inc. (NYSE:ARIS) has earned an average recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $26.50.

Several research firms recently commented on ARIS. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. assumed coverage on shares of Aris Water Solutions in a report on Tuesday, July 29th. They issued a “neutral” rating and a $25.00 price target for the company. Capital One Financial downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Citigroup reissued a “neutral” rating on shares of Aris Water Solutions in a report on Monday, May 12th. Finally, Evercore ISI cut their price target on shares of Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating for the company in a report on Monday, August 18th.

Institutional Inflows and Outflows

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

Aris Water Solutions Stock Up 0.7%

ARIS opened at $23.8950 on Monday. The company has a 50 day moving average of $23.04 and a 200 day moving average of $25.33. The company has a market cap of $1.41 billion, a PE ratio of 28.79 and a beta of 1.67. Aris Water Solutions has a 12 month low of $14.46 and a 12 month high of $33.95. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. On average, sell-side analysts expect that Aris Water Solutions will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 67.47%.

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.