Aris Water Solutions, Inc. (NYSE:ARIS) Given Average Rating of “Hold” by Analysts

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have earned an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. Four 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 brokerages that have issued ratings on the stock in the last year is $26.00.

A number of analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price on Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. Citigroup reaffirmed a “neutral” rating on shares of Aris Water Solutions in a research report on Monday, May 12th. The Goldman Sachs Group dropped their target price on Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered Aris Water Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th.

Aris Water Solutions Price Performance

ARIS stock opened at $24.38 on Friday. Aris Water Solutions has a 52-week low of $13.34 and a 52-week high of $33.95. The stock’s fifty day simple moving average is $24.09 and its 200-day simple moving average is $26.25. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 29.73 and a beta of 1.69.

Aris Water Solutions (NYSE:ARIS) last issued its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The business had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. Equities research analysts expect that Aris Water Solutions will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, June 5th. Aris Water Solutions’s dividend payout ratio (DPR) is 68.29%.

Institutional Investors Weigh In On Aris Water Solutions

Large investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in Aris Water Solutions in the fourth quarter worth $27,000. Larson Financial Group LLC acquired a new stake in Aris Water Solutions in the fourth quarter worth $28,000. Comerica Bank increased its holdings in shares of Aris Water Solutions by 64.4% during the first 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 period. SBI Securities Co. Ltd. acquired a new position in shares of Aris Water Solutions during the fourth quarter valued at $33,000. Finally, Harbour Investments Inc. increased its holdings in shares of Aris Water Solutions by 478.2% during the first 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 period. 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.