Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) has earned a consensus rating of "Hold" from the six ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $26.00.
Several research firms recently commented on ARIS. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. The Goldman Sachs Group reduced their price target on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company cut their price objective on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th.
Check Out Our Latest Analysis on Aris Water Solutions
Aris Water Solutions Stock Performance
ARIS stock traded up $0.55 on Wednesday, hitting $26.07. The company's stock had a trading volume of 1,300,673 shares, compared to its average volume of 617,314. The firm has a 50 day moving average of $24.30 and a two-hundred day moving average of $26.39. Aris Water Solutions has a 1 year low of $13.34 and a 1 year high of $33.95. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 32.58 and a beta of 1.70. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.
Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. The firm had revenue of $120.49 million during the quarter, compared to the consensus estimate of $115.72 million. Equities analysts predict that Aris Water Solutions will post 0.91 EPS for the current fiscal year.
Aris Water Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.15%. Aris Water Solutions's payout ratio is currently 68.29%.
Insiders Place Their Bets
In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 37.84% of the stock is owned by insiders.
Hedge Funds Weigh In On Aris Water Solutions
Large investors have recently made changes to their positions in the stock. Quarry LP purchased a new position in shares of Aris Water Solutions in the 4th quarter valued at about $27,000. Larson Financial Group LLC purchased a new position in shares of Aris Water Solutions in the 4th quarter valued at about $28,000. Comerica Bank grew its stake in Aris Water Solutions by 64.4% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $41,000 after acquiring an additional 495 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Aris Water Solutions in the 4th quarter valued at about $33,000. Finally, Harbour Investments Inc. grew its stake in Aris Water Solutions by 478.2% in the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock valued at $49,000 after acquiring an additional 1,272 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.
About Aris Water Solutions
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Get Free ReportAris 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.
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