Aris Water Solutions (NYSE:ARIS) Shares Down 8.8%

Shares of Aris Water Solutions, Inc. (NYSE:ARISGet Rating) dropped 8.8% during mid-day trading on Thursday . The stock traded as low as $16.44 and last traded at $16.50. Approximately 7,307 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 304,873 shares. The stock had previously closed at $18.09.

Separately, Capital One Financial raised Aris Water Solutions from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 25th.

The business has a fifty day moving average of $18.47 and a 200-day moving average of $15.78.

Aris Water Solutions (NYSE:ARISGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.50. The firm had revenue of $70.97 million during the quarter, compared to analysts’ expectations of $66.87 million.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Thursday, May 19th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Wednesday, May 18th.

About Aris Water Solutions (NYSE:ARIS)

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.

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