Brokerages Set Aris Water Solutions, Inc. (NYSE:ARIS) Price Target at $11.36

Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $11.36.

A number of brokerages recently issued reports on ARIS. TheStreet raised Aris Water Solutions from a "d+" rating to a "c-" rating in a research note on Wednesday, March 13th. Citigroup lifted their target price on Aris Water Solutions from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Finally, Wells Fargo & Company lifted their target price on Aris Water Solutions from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Thursday, March 7th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ARIS. Ameritas Investment Partners Inc. raised its position in shares of Aris Water Solutions by 64.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,469 shares of the company's stock worth $25,000 after acquiring an additional 965 shares in the last quarter. Metropolitan Life Insurance Co NY purchased a new position in Aris Water Solutions during the 1st quarter worth $30,000. Quantbot Technologies LP purchased a new position in Aris Water Solutions during the 1st quarter worth $34,000. Macquarie Group Ltd. purchased a new position in Aris Water Solutions during the 2nd quarter worth $39,000. Finally, Legal & General Group Plc grew its stake in Aris Water Solutions by 39.8% during the 2nd quarter. Legal & General Group Plc now owns 2,430 shares of the company's stock worth $41,000 after buying an additional 692 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Trading Up 3.8 %

Shares of ARIS stock traded up $0.55 on Friday, reaching $15.00. 390,979 shares of the company's stock were exchanged, compared to its average volume of 340,843. Aris Water Solutions has a 52 week low of $6.69 and a 52 week high of $15.08. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $866.85 million, a PE ratio of 25.00 and a beta of 1.68. The company's fifty day simple moving average is $11.37 and its 200 day simple moving average is $9.59.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly 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 business had revenue of $104.13 million for the quarter, compared to the consensus estimate of $97.65 million. As a group, analysts forecast that Aris Water Solutions will post 0.96 EPS for the current year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Wednesday, March 6th. Aris Water Solutions's payout ratio is 60.00%.

About Aris Water Solutions

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.