Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) shares traded down 3.4% during trading on Monday . The company traded as low as $25.14 and last traded at $25.19. 280,251 shares were traded during mid-day trading, a decline of 55% from the average session volume of 616,039 shares. The stock had previously closed at $26.09.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on ARIS shares. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. The Goldman Sachs Group lowered their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $26.00.
View Our Latest Analysis on ARIS
Aris Water Solutions Price Performance
The company's 50-day moving average price is $24.31 and its 200-day moving average price is $26.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market cap of $1.53 billion, a P/E ratio of 32.34 and a beta of 1.70.
Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. The business had revenue of $120.49 million during the quarter, compared to analysts' expectations of $115.72 million. As a group, sell-side analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.
Aris Water Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions's payout ratio is 68.29%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in Aris Water Solutions by 10.4% in the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock valued at $806,000 after acquiring an additional 3,179 shares during the last quarter. New York State Common Retirement Fund increased its position in Aris Water Solutions by 6.1% during the fourth quarter. New York State Common Retirement Fund now owns 115,782 shares of the company's stock worth $2,773,000 after buying an additional 6,700 shares during the last quarter. Denali Advisors LLC acquired a new position in Aris Water Solutions during the fourth quarter worth approximately $507,000. Oppenheimer & Co. Inc. bought a new stake in Aris Water Solutions in the fourth quarter valued at approximately $856,000. Finally, Bailard Inc. acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at approximately $280,000. Institutional investors and hedge funds own 39.71% of the company's stock.
About Aris Water Solutions
(
Get Free Report)
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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