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

Aris Water Solutions, Inc. (NYSE:ARIS) has earned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $12.25.

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

Aris Water Solutions Price Performance

Shares of ARIS opened at $14.64 on Wednesday. Aris Water Solutions has a twelve month low of $6.78 and a twelve month high of $15.31. The company has a market capitalization of $846.05 million, a P/E ratio of 24.40 and a beta of 1.65. The firm has a 50 day moving average of $13.51 and a 200 day moving average of $10.21. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.61.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Wednesday, February 28th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. The business had revenue of $104.13 million during the quarter, compared to the consensus estimate of $97.65 million. As a group, equities research analysts anticipate that Aris Water Solutions will post 0.97 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.36 annualized dividend and a yield of 2.46%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 60.00%.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ARIS. Tower Research Capital LLC TRC boosted its stake in shares of 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 worth $55,000 after acquiring an additional 4,503 shares during the period. Oxford Asset Management LLP purchased a new position in Aris Water Solutions during the fourth quarter valued at $86,000. SG Americas Securities LLC bought a new stake in shares of Aris Water Solutions in the third quarter worth about $122,000. Saxon Interests Inc. bought a new stake in Aris Water Solutions in the 1st quarter worth approximately $142,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Aris Water Solutions during the 3rd quarter worth approximately $145,000. 39.71% of the stock is currently owned by hedge funds and other 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.