Aris Water Solutions, Inc. (NYSE:ARIS) Receives Consensus Recommendation of "Hold" from Analysts

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six brokerages that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $26.00.

A number of analysts have weighed in on the company. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Wells Fargo & Company reduced 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 note on Thursday, May 8th. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group reduced their target price on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th.

Aris Water Solutions Trading Down 3.8%

ARIS traded down $0.92 during trading on Friday, reaching $23.39. The company had a trading volume of 591,310 shares, compared to its average volume of 642,181. The stock has a market cap of $1.38 billion, a P/E ratio of 28.52 and a beta of 1.69. The business has a 50 day simple moving average of $23.97 and a 200-day simple moving average of $26.23. Aris Water Solutions has a 52 week low of $13.34 and a 52 week high of $33.95. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The company 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 3.77% and a net margin of 6.15%. On average, equities analysts anticipate that Aris Water Solutions will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.39%. Aris Water Solutions's dividend payout ratio is currently 68.29%.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Aris Water Solutions by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 2,758,907 shares of the company's stock valued at $88,395,000 after buying an additional 35,735 shares during the period. Vanguard Group Inc. increased its stake in shares of Aris Water Solutions by 1.1% during the first quarter. Vanguard Group Inc. now owns 1,714,741 shares of the company's stock valued at $54,940,000 after buying an additional 17,858 shares during the period. Driehaus Capital Management LLC purchased a new position in shares of Aris Water Solutions during the first quarter valued at $39,880,000. Raymond James Financial Inc. purchased a new position in shares of Aris Water Solutions during the fourth quarter valued at $29,663,000. Finally, Wellington Management Group LLP increased its stake in shares of Aris Water Solutions by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock valued at $23,112,000 after buying an additional 9,395 shares during the period. Hedge funds and other institutional investors 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.