Wells Fargo & Company Raises Aris Water Solutions (NYSE:ARIS) Price Target to $25.00

Key Points

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Aris Water Solutions (NYSE:ARIS - Free Report) had its target price lifted by Wells Fargo & Company from $23.00 to $25.00 in a research report report published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on the stock. Evercore ISI cut their price objective on shares of Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a research report on Monday, August 18th. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. JPMorgan Chase & Co. assumed coverage on shares of Aris Water Solutions in a research report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective for the company. Capital One Financial lowered shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Wall Street Zen lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Aris Water Solutions currently has an average rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Stock Performance

NYSE:ARIS traded up $0.1550 on Tuesday, reaching $23.8950. 589,675 shares of the company's stock were exchanged, compared to its average volume of 1,512,901. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 28.79 and a beta of 1.67. Aris Water Solutions has a 52 week low of $14.46 and a 52 week high of $33.95. The stock has a fifty day simple moving average of $23.04 and a 200-day simple moving average of $25.34.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%.The business had revenue of $124.09 million for the quarter, compared to the consensus estimate of $120.68 million. As a group, sell-side analysts predict that Aris Water Solutions will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 4th. This represents a $0.56 annualized dividend and a yield of 2.3%. Aris Water Solutions's payout ratio is presently 67.47%.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. bought a new stake in Aris Water Solutions during the first quarter valued at approximately $867,000. Janney Montgomery Scott LLC lifted its holdings in shares of Aris Water Solutions by 233.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 38,898 shares of the company's stock worth $1,246,000 after acquiring an additional 27,246 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Aris Water Solutions by 4,584.0% in the 1st quarter. GAMMA Investing LLC now owns 29,509 shares of the company's stock worth $921,000 after acquiring an additional 28,879 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Aris Water Solutions by 3,062.6% in the 1st quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock worth $119,000 after acquiring an additional 3,522 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Aris Water Solutions by 11.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 20,599 shares of the company's stock worth $660,000 after acquiring an additional 2,070 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors.

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.