Analysts Set Aris Water Solutions, Inc. (NYSE:ARIS) Price Target at $14.93

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $14.93.

Several research firms have recently weighed in on ARIS. Evercore ISI boosted their target price on Aris Water Solutions from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Citigroup boosted their price objective on shares of Aris Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th.

Aris Water Solutions Price Performance

ARIS stock opened at $15.13 on Tuesday. Aris Water Solutions has a 52 week low of $7.22 and a 52 week high of $17.91. The firm has a market capitalization of $878.92 million, a P/E ratio of 21.01 and a beta of 1.62. The company has a fifty day simple moving average of $16.06 and a two-hundred day simple moving average of $14.82. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.62.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. The firm had revenue of $101.12 million during the quarter, compared to the consensus estimate of $97.86 million. Analysts anticipate that Aris Water Solutions will post 0.88 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, September 5th. Aris Water Solutions’s payout ratio is presently 58.33%.

Insider Activity at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 14,813 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the sale, the chief operating officer now owns 94,690 shares in the company, valued at $1,405,199.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.06% of the stock is currently owned by company insiders.

Institutional Trading of Aris Water Solutions

Several institutional investors and hedge funds have recently made changes to their positions in ARIS. Kayne Anderson Capital Advisors LP increased its position in Aris Water Solutions by 93.2% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,193,336 shares of the company’s stock valued at $16,886,000 after purchasing an additional 575,536 shares during the period. American Century Companies Inc. increased its holdings in Aris Water Solutions by 140.3% during the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after buying an additional 284,788 shares during the period. Dimensional Fund Advisors LP raised its stake in Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after buying an additional 139,259 shares in the last quarter. Nicholas Investment Partners LP purchased a new stake in Aris Water Solutions during the second quarter worth $1,703,000. Finally, Renaissance Technologies LLC lifted its holdings in Aris Water Solutions by 93.5% during the second quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock worth $3,103,000 after buying an additional 95,700 shares during the period. 39.71% of the stock is currently owned by institutional investors.

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.