Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) shares shot up 4.1% on Friday . The stock traded as high as $26.59 and last traded at $26.56. 143,728 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 610,220 shares. The stock had previously closed at $25.52.
Analysts Set New Price Targets
Several brokerages recently commented on ARIS. Wells Fargo & Company reduced their target price 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. Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. The Goldman Sachs Group lowered their target price on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Aris Water Solutions currently has a consensus rating of "Hold" and a consensus target price of $26.00.
View Our Latest Stock Report on ARIS
Aris Water Solutions Trading Up 2.1%
The firm has a market capitalization of $1.54 billion, a P/E ratio of 32.58 and a beta of 1.70. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $24.30 and a 200-day moving average of $26.39.
Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. The company had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. On average, equities research 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions's payout ratio is presently 68.29%.
Insider Transactions at Aris Water Solutions
In related news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 37.84% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Aris Water Solutions
A number of hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in Aris Water Solutions in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC acquired a new position in shares of Aris Water Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Aris Water Solutions during the fourth quarter worth $33,000. Comerica Bank lifted its stake in shares of Aris Water Solutions by 64.4% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $41,000 after acquiring an additional 495 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of Aris Water Solutions by 478.2% during the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock valued at $49,000 after acquiring an additional 1,272 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.
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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