Aris Water Solutions (NYSE:ARIS) Stock Price Down 10.4%

Shares of Aris Water Solutions, Inc. (NYSE:ARISGet Rating) were down 10.4% during mid-day trading on Friday . The stock traded as low as $12.57 and last traded at $12.69. Approximately 18,815 shares changed hands during trading, a decline of 93% from the average daily volume of 251,185 shares. The stock had previously closed at $14.16.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ARIS shares. Capital One Financial restated an “overweight” rating on shares of Aris Water Solutions in a research note on Thursday, August 11th. Barclays decreased their price target on shares of Aris Water Solutions from $20.00 to $18.00 in a research note on Monday, August 8th. Evercore ISI restated an “outperform” rating and set a $24.00 price target on shares of Aris Water Solutions in a research note on Thursday, July 14th. StockNews.com lowered shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Finally, Raymond James reduced their price objective on shares of Aris Water Solutions from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Aris Water Solutions has an average rating of “Moderate Buy” and a consensus target price of $20.14.

Aris Water Solutions Stock Performance

The business’s 50-day simple moving average is $17.53 and its 200-day simple moving average is $18.26. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.76 and a quick ratio of 1.76.

Aris Water Solutions (NYSE:ARISGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.16. The company had revenue of $76.39 million for the quarter, compared to analysts’ expectations of $77.17 million. As a group, equities analysts predict that Aris Water Solutions, Inc. will post 0.37 EPS for the current year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 30th. Investors of record on Wednesday, August 17th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Tuesday, August 16th.

Hedge Funds Weigh In On Aris Water Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new stake in Aris Water Solutions in the second quarter worth about $26,000. Metropolitan Life Insurance Co NY purchased a new stake in Aris Water Solutions in the first quarter worth about $30,000. First Horizon Advisors Inc. purchased a new stake in Aris Water Solutions in the second quarter worth about $28,000. Quantbot Technologies LP purchased a new stake in Aris Water Solutions in the first quarter worth about $34,000. Finally, Macquarie Group Ltd. purchased a new stake in Aris Water Solutions in the second quarter worth about $39,000. Hedge funds and other institutional investors own 36.43% of the company’s stock.

Aris Water Solutions Company Profile

(Get Rating)

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.

Further Reading

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