Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $25.22, but opened at $25.96. Aris Water Solutions shares last traded at $26.20, with a volume of 46,707 shares.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on ARIS. 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 research report on Thursday, May 8th. The Goldman Sachs Group lowered their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Finally, Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Aris Water Solutions currently has an average rating of "Hold" and a consensus target price of $26.00.
Get Our Latest Stock Analysis on ARIS
Aris Water Solutions Stock Performance
The stock has a fifty day moving average price of $24.31 and a 200 day moving average price of $26.38. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 32.51 and a beta of 1.70.
Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly 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. The company had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. As a group, analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.
Aris Water Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions's dividend payout ratio (DPR) is 68.29%.
Institutional Investors Weigh In On Aris Water Solutions
Large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. raised 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 worth $88,395,000 after buying an additional 35,735 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Aris Water Solutions by 1.1% in 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 in the last quarter. Driehaus Capital Management LLC bought a new position in shares of Aris Water Solutions during the 1st quarter worth approximately $39,880,000. Raymond James Financial Inc. acquired a new position in Aris Water Solutions in the 4th quarter valued at $29,663,000. Finally, Wellington Management Group LLP increased its stake in Aris Water Solutions by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock worth $23,112,000 after acquiring an additional 9,395 shares during the period. 39.71% of the stock is currently owned by institutional investors.
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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