Aris Water Solutions, Inc. (NYSE:ARIS) Receives $12.25 Consensus PT from Brokerages

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.25.

ARIS has been the topic of a number of recent research reports. TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. The Goldman Sachs Group upped their price target on Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Citigroup raised their price objective on Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Wells Fargo & Company upped their target price on Aris Water Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th.

Aris Water Solutions Price Performance

Shares of ARIS opened at $15.63 on Wednesday. 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 stock has a market cap of $903.26 million, a PE ratio of 26.05 and a beta of 1.65. Aris Water Solutions has a 12-month low of $6.91 and a 12-month high of $15.77. The business has a 50-day simple moving average of $13.73 and a two-hundred day simple moving average of $10.31.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) 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 firm had revenue of $104.13 million during the quarter, compared to analyst estimates of $97.65 million. Analysts anticipate that Aris Water Solutions will post 0.97 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $0.09 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.36 annualized dividend and a yield of 2.30%. Aris Water Solutions’s payout ratio is currently 60.00%.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in Aris Water Solutions by 221.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the company’s stock valued at $55,000 after acquiring an additional 4,503 shares in the last quarter. Oxford Asset Management LLP bought a new stake in Aris Water Solutions in the 4th quarter worth about $86,000. SG Americas Securities LLC purchased a new stake in Aris Water Solutions in the 3rd quarter valued at about $122,000. Saxon Interests Inc. bought a new position in shares of Aris Water Solutions during the 1st quarter worth approximately $142,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Aris Water Solutions in the 3rd quarter worth approximately $145,000. Institutional investors own 39.71% of the company’s stock.

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.