Aris Water Solutions, Inc. (NYSE:ARIS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

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 covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $12.25.

Several equities analysts have weighed in on the company. Citigroup raised their price objective on Aris Water Solutions from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, March 4th. Wells Fargo & Company raised their price objective on Aris Water Solutions from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Thursday, March 7th. The Goldman Sachs Group raised their price objective on Aris Water Solutions from $14.50 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. Finally, TheStreet raised Aris Water Solutions from a "d+" rating to a "c-" rating in a research report on Wednesday, March 13th.

Institutional Investors Weigh In On Aris Water Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARIS. Ranger Investment Management L.P. raised its stake in Aris Water Solutions by 41.7% in the 3rd quarter. Ranger Investment Management L.P. now owns 2,010,487 shares of the company's stock valued at $20,065,000 after acquiring an additional 592,071 shares during the period. Kennedy Capital Management LLC bought a new stake in shares of Aris Water Solutions during the third quarter valued at about $2,199,000. HITE Hedge Asset Management LLC bought a new stake in shares of Aris Water Solutions during the fourth quarter valued at about $937,000. Envestnet Asset Management Inc. increased its position in shares of Aris Water Solutions by 48.4% during the third quarter. Envestnet Asset Management Inc. now owns 309,002 shares of the company's stock valued at $3,084,000 after buying an additional 100,734 shares during the period. Finally, Wasatch Advisors LP increased its position in shares of Aris Water Solutions by 14.4% during the fourth quarter. Wasatch Advisors LP now owns 686,694 shares of the company's stock valued at $5,761,000 after buying an additional 86,207 shares during the period. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Stock Down 2.0 %

NYSE:ARIS traded down $0.28 during trading hours on Wednesday, hitting $13.75. 266,257 shares of the company traded hands, compared to its average volume of 281,753. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The firm's 50-day simple moving average is $13.23 and its 200-day simple moving average is $10.11. Aris Water Solutions has a one year low of $6.78 and a one year high of $15.31. The company has a market cap of $794.68 million, a PE ratio of 22.85 and a beta of 1.68.

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

Aris Water Solutions Dividend Announcement

The company 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 yield of 2.62%. The ex-dividend date was Wednesday, March 6th. Aris Water Solutions's dividend payout ratio is currently 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.