Analysts Set Aris Water Solutions, Inc. (NYSE:ARIS) Price Target at $26.50

Key Points

• Analysts have given Aris Water Solutions, Inc. (NYSE:ARIS) a consensus rating of "Hold," with seven analysts recommending holding the stock and two suggesting a buy.
• The average 12-month price target for ARIS shares is set at $26.50, while the company's stock opened at $24.18.
• Aris recently reported earnings of $0.19 per share, falling short of analysts' expectations of $0.24, despite having revenue of $124.09 million for the quarter.

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) has been given an average recommendation of "Hold" by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Seven research 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 brokerages that have issued a report on the stock in the last year is $26.50.

Several research firms have issued reports on ARIS. Evercore ISI dropped their price target on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating on the stock in a report on Monday, August 18th. Zacks Research upgraded shares of Aris Water Solutions from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Wells Fargo & Company set a $27.00 target price on Aris Water Solutions in a report on Tuesday, August 19th. JPMorgan Chase & Co. started coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They set a "neutral" rating and a $25.00 price target for the company. Finally, Capital One Financial cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th.

Aris Water Solutions Stock Up 0.1%

ARIS stock traded up $0.02 during mid-day trading on Friday, reaching $24.05. The company had a trading volume of 176,127 shares, compared to its average volume of 925,411. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. Aris Water Solutions has a fifty-two week low of $14.46 and a fifty-two week high of $33.95. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 29.02 and a beta of 1.68. The firm has a fifty day simple moving average of $22.95 and a 200 day simple moving average of $24.76.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. The company had revenue of $124.09 million during the quarter, compared to analysts' expectations of $120.68 million. Analysts forecast that Aris Water Solutions will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Aris Water Solutions's dividend payout ratio is currently 67.47%.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors and hedge funds have recently made changes to their positions in ARIS. Osaic Holdings Inc. raised its position in Aris Water Solutions by 14.9% in the second quarter. Osaic Holdings Inc. now owns 45,869 shares of the company's stock worth $1,085,000 after acquiring an additional 5,963 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Aris Water Solutions by 42.6% during the 2nd quarter. Squarepoint Ops LLC now owns 99,237 shares of the company's stock worth $2,347,000 after buying an additional 29,641 shares during the period. Ranger Investment Management L.P. increased its stake in shares of Aris Water Solutions by 2.4% during the 2nd quarter. Ranger Investment Management L.P. now owns 1,319,056 shares of the company's stock worth $31,196,000 after purchasing an additional 30,775 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Aris Water Solutions during the 2nd quarter valued at $508,000. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Aris Water Solutions by 1.1% in the second quarter. Westwood Holdings Group Inc. now owns 314,306 shares of the company's stock valued at $7,433,000 after purchasing an additional 3,373 shares in the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

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.