Aris Water Solutions, Inc. (NYSE:ARIS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Aris Water Solutions, Inc. (NYSE:ARIS) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.36.

A number of brokerages have recently commented on ARIS. Evercore ISI lifted their price target on shares of Aris Water Solutions from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Citigroup lifted their price target on shares of Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Stifel Nicolaus lifted their price target on shares of Aris Water Solutions from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Wells Fargo & Company lifted their price target on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th.

Aris Water Solutions Stock Up 2.7 %

Shares of NYSE ARIS opened at $15.23 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. Aris Water Solutions has a 52 week low of $7.22 and a 52 week high of $17.27. The firm has a 50-day moving average price of $14.77 and a 200 day moving average price of $11.00. The stock has a market capitalization of $884.71 million, a price-to-earnings ratio of 21.15 and a beta of 1.65.

Aris Water Solutions (NYSE:ARIS) last announced 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). The business had revenue of $104.13 million for the quarter, compared to analyst estimates of $97.65 million. Aris Water Solutions had a return on equity of 4.62% and a net margin of 5.73%. Equities research analysts anticipate that Aris Water Solutions will post 0.98 EPS for the current fiscal year.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.76%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, June 6th. Aris Water Solutions’s payout ratio is presently 50.00%.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, CEO Amanda M. Brock sold 107,946 shares of Aris Water Solutions stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $16.65, for a total transaction of $1,797,300.90. Following the transaction, the chief executive officer now directly owns 549,963 shares of the company’s stock, valued at $9,156,883.95. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Amanda M. Brock sold 62,054 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $16.43, for a total transaction of $1,019,547.22. Following the completion of the sale, the chief executive officer now directly owns 487,909 shares of the company’s stock, valued at approximately $8,016,344.87. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amanda M. Brock sold 107,946 shares of Aris Water Solutions stock in a transaction on Friday, May 10th. The stock was sold at an average price of $16.65, for a total transaction of $1,797,300.90. Following the sale, the chief executive officer now directly owns 549,963 shares in the company, valued at approximately $9,156,883.95. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Aris Water Solutions

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in Aris Water Solutions by 221.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the company’s stock valued at $55,000 after purchasing an additional 4,503 shares during the last quarter. Saxon Interests Inc. purchased a new position in shares of Aris Water Solutions during the 1st quarter valued at approximately $142,000. Oxford Asset Management LLP purchased a new position in shares of Aris Water Solutions during the 4th quarter valued at approximately $86,000. Quadrature Capital Ltd acquired a new stake in shares of Aris Water Solutions during the first quarter worth approximately $166,000. Finally, Inscription Capital LLC bought a new stake in shares of Aris Water Solutions in the first quarter worth $212,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.