Aris Water Solutions, Inc. (NYSE:ARIS) Receives $26.50 Consensus PT from Analysts

Aris Water Solutions, Inc. (NYSE:ARIS) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $26.50.

A number of equities research analysts have weighed in on ARIS shares. JPMorgan Chase & Co. began coverage on Aris Water Solutions in a research note on Tuesday, July 29th. They issued a “neutral” rating and a $25.00 price objective for the company. Zacks Research raised shares of Aris Water Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Capital One Financial cut shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Aris Water Solutions in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company set a $27.00 target price on shares of Aris Water Solutions in a report on Tuesday, August 19th.

Aris Water Solutions Stock Performance

NYSE ARIS opened at $23.60 on Tuesday. The company has a fifty day moving average of $24.00 and a two-hundred day moving average of $23.97. The company has a market capitalization of $1.40 billion, a PE ratio of 28.43 and a beta of 1.67. Aris Water Solutions has a 1 year low of $14.46 and a 1 year high of $33.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The firm had revenue of $124.09 million for 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%. As a group, analysts expect that Aris Water Solutions will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ARIS. AlphaQuest LLC lifted its holdings in shares of Aris Water Solutions by 7,114.3% during the second quarter. AlphaQuest LLC now owns 1,515 shares of the company’s stock worth $36,000 after purchasing an additional 1,494 shares during the period. Comerica Bank raised its position in 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 buying an additional 495 shares during the last quarter. Harbour Investments Inc. raised its position in 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 buying an additional 1,272 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Aris Water Solutions in the 2nd quarter worth $55,000. Finally, CWM LLC boosted its holdings in shares of Aris Water Solutions by 303.4% in the first quarter. CWM LLC now owns 1,920 shares of the company’s stock valued at $62,000 after acquiring an additional 1,444 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.