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

Key Points

• Analysts have given Aris Water Solutions an average rating of "Hold," with eight hold recommendations and two buy ratings, alongside a 12-month target price of $26.50.
• The company reported $0.19 earnings per share for the last quarter, falling short of estimates, and had a revenue of $124.09 million, exceeding expectations.
• Aris Water Solutions recently declared a quarterly dividend of $0.14 per share, yielding approximately 2.4% annually, with a payout ratio of 67.47%.

Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) have received an average recommendation of "Hold" from the ten analysts that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $26.50.

Several brokerages have commented on ARIS. Zacks Research upgraded shares of Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Wells Fargo & Company set a $27.00 target price on shares of Aris Water Solutions in a research report on Tuesday, August 19th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Aris Water Solutions in a research report on Wednesday, October 8th. Evercore ISI dropped their target price on shares of Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a research report on Monday, August 18th. Finally, US Capital Advisors cut shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st.

Institutional Trading of Aris Water Solutions

Large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Aris Water Solutions in the 1st quarter valued at $867,000. Janney Montgomery Scott LLC increased its position in shares of Aris Water Solutions by 233.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 38,898 shares of the company's stock valued at $1,246,000 after buying an additional 27,246 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Aris Water Solutions by 4,584.0% in the 1st quarter. GAMMA Investing LLC now owns 29,509 shares of the company's stock valued at $921,000 after buying an additional 28,879 shares in the last quarter. Strs Ohio bought a new stake in shares of Aris Water Solutions in the 1st quarter valued at $647,000. Finally, Mad River Investors increased its position in shares of Aris Water Solutions by 18.2% in the 2nd quarter. Mad River Investors now owns 88,500 shares of the company's stock valued at $2,093,000 after buying an additional 13,600 shares in the last quarter. Institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Up 0.8%

NYSE:ARIS opened at $23.44 on Tuesday. The stock's fifty day moving average price is $23.86 and its two-hundred day moving average price is $24.04. Aris Water Solutions has a 52-week low of $14.46 and a 52-week high of $33.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 28.24 and a beta of 1.67.

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

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $0.14 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.4%. Aris Water Solutions's dividend payout ratio is currently 67.47%.

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.

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