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

Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) have been given an average rating of "Hold" by the six ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $26.00.

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

Institutional Trading of Aris Water Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $33,000. Raymond James Financial Inc. purchased a new position in Aris Water Solutions during the fourth quarter worth about $29,663,000. Larson Financial Group LLC purchased a new position in Aris Water Solutions during the fourth quarter worth about $28,000. Moors & Cabot Inc. purchased a new position in Aris Water Solutions during the fourth quarter worth about $352,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Aris Water Solutions during the fourth quarter valued at about $266,000. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Price Performance

ARIS stock traded up $1.19 during mid-day trading on Friday, hitting $24.50. The company had a trading volume of 134,077 shares, compared to its average volume of 637,135. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 29.88 and a beta of 1.69. Aris Water Solutions has a 12-month low of $13.34 and a 12-month 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. The company has a 50-day moving average price of $24.03 and a 200 day moving average price of $26.26.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $120.49 million for the quarter, compared to analysts' expectations of $115.72 million. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. On average, research analysts anticipate that Aris Water Solutions will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.56 annualized dividend and a yield of 2.29%. Aris Water Solutions's dividend payout ratio is presently 68.29%.

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.