Aris Water Solutions (NYSE:ARIS) Sets New 52-Week High at $15.16

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.16 and last traded at $14.76, with a volume of 32925 shares trading hands. The stock had previously closed at $15.00.

Analyst Upgrades and Downgrades

ARIS has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 7th. TheStreet raised shares of Aris Water Solutions from a "d+" rating to a "c-" rating in a research report on Wednesday, March 13th. Finally, Citigroup raised their target price on shares of Aris Water Solutions from $13.00 to $14.00 and gave the company a "buy" rating in a report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.36.

Aris Water Solutions Stock Performance

The company has a market cap of $870.97 million, a P/E ratio of 25.12 and a beta of 1.68. The company has a 50 day moving average price of $11.50 and a 200-day moving average price of $9.62. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.61.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. The company had revenue of $104.13 million during the quarter, compared to analyst estimates of $97.65 million. Equities analysts expect that Aris Water Solutions, Inc. will post 0.96 EPS for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Wednesday, March 6th. Aris Water Solutions's payout ratio is 60.00%.

Institutional Trading of Aris Water Solutions

Institutional investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY bought a new position in Aris Water Solutions in the first quarter valued at approximately $30,000. Quantbot Technologies LP acquired a new position in Aris Water Solutions during the first quarter worth $34,000. Macquarie Group Ltd. acquired a new position in shares of Aris Water Solutions in the second quarter valued at $39,000. Providence Capital Advisors LLC increased its holdings in shares of Aris Water Solutions by 679.0% in the first quarter. Providence Capital Advisors LLC now owns 2,337 shares of the company's stock valued at $300,000 after purchasing an additional 2,037 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Aris Water Solutions by 39.8% in the second quarter. Legal & General Group Plc now owns 2,430 shares of the company's stock valued at $41,000 after purchasing an additional 692 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

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.