Aris Water Solutions, Inc. (NYSE:ARIS) Given Average Rating of "Hold" by Brokerages

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) has received an average recommendation of "Hold" from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.00.

A number of equities research analysts have recently commented on the company. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. The Goldman Sachs Group lowered their price target 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. Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company reduced their target price on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th.

Aris Water Solutions Stock Up 2.7%

Shares of ARIS stock traded up $0.65 during trading hours on Wednesday, reaching $25.19. 511,414 shares of the company's stock were exchanged, compared to its average volume of 609,408. Aris Water Solutions has a 1 year low of $13.34 and a 1 year high of $33.95. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.49 billion, a PE ratio of 31.49 and a beta of 1.70. The stock's fifty day moving average price is $24.28 and its two-hundred day moving average price is $26.42.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $120.49 million during the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. Research analysts predict that Aris Water Solutions will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.22%. Aris Water Solutions's payout ratio is currently 68.29%.

Insider Activity at Aris Water Solutions

In related news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $28.92, for a total transaction of $289,200.00. Following the sale, the chief accounting officer now owns 44,827 shares in the company, valued at $1,296,396.84. The trade was a 18.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aris Water Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARIS. Strs Ohio acquired a new stake in shares of Aris Water Solutions during the 1st quarter worth about $647,000. Ellsworth Advisors LLC purchased a new position in shares of Aris Water Solutions during the first quarter valued at approximately $808,000. Acadian Asset Management LLC purchased a new position in shares of Aris Water Solutions during the first quarter valued at approximately $237,000. Integrity Alliance LLC. acquired a new stake in Aris Water Solutions during the first quarter worth approximately $408,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Aris Water Solutions in the 1st quarter worth approximately $2,187,000. Institutional investors and hedge funds own 39.71% of the company's stock.

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.