Aris Water Solutions, Inc. (NYSE:ARIS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $12.25.

A number of equities research analysts have weighed in on ARIS shares. The Goldman Sachs Group boosted their target price on shares of Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Citigroup boosted their target price on shares of Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, March 4th. TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Finally, Wells Fargo & Company boosted their price target on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ARIS. Tower Research Capital LLC TRC raised its holdings in Aris Water Solutions by 221.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the company’s stock worth $55,000 after buying an additional 4,503 shares during the last quarter. Oxford Asset Management LLP acquired a new position in Aris Water Solutions during the fourth quarter worth $86,000. SG Americas Securities LLC acquired a new position in Aris Water Solutions during the third quarter worth $122,000. Saxon Interests Inc. acquired a new position in Aris Water Solutions during the first quarter worth $142,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Aris Water Solutions during the third quarter worth $145,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Trading Down 4.2 %

ARIS opened at $14.03 on Wednesday. Aris Water Solutions has a fifty-two week low of $6.78 and a fifty-two week high of $15.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $810.79 million, a price-to-earnings ratio of 23.38 and a beta of 1.68. The company’s 50 day moving average price is $13.14 and its two-hundred day moving average price is $10.08.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. The business had revenue of $104.13 million for the quarter, compared to the consensus estimate of $97.65 million. As a group, research analysts predict that Aris Water Solutions will post 0.96 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.57%. Aris Water Solutions’s payout ratio is presently 60.00%.

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.