Aris Water Solutions (ARIS) Set to Announce Quarterly Earnings on Tuesday

Aris Water Solutions (NYSE:ARIS) will be issuing its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $103.41 million for the quarter, compared to the consensus estimate of $97.43 million. Aris Water Solutions had a net margin of 5.73% and a return on equity of 4.62%. On average, analysts expect Aris Water Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aris Water Solutions Stock Performance

Shares of NYSE ARIS opened at $15.20 on Monday. The firm’s 50-day moving average price is $15.52 and its 200-day moving average price is $13.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. The company has a market cap of $882.97 million, a PE ratio of 21.11 and a beta of 1.64. Aris Water Solutions has a 52-week low of $7.22 and a 52-week high of $17.91.

Insider Activity

In related news, CEO Amanda M. Brock sold 107,946 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $16.65, for a total value of $1,797,300.90. Following the sale, the chief executive officer now owns 549,963 shares in the company, valued at $9,156,883.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Amanda M. Brock sold 62,054 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $16.43, for a total value of $1,019,547.22. Following the sale, the chief executive officer now owns 487,909 shares in the company, valued at $8,016,344.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanda M. Brock sold 107,946 shares of the business’s 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 completion of the sale, the chief executive officer now owns 549,963 shares in the company, valued at approximately $9,156,883.95. The disclosure for this sale can be found here. Company insiders own 23.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ARIS shares. The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Citigroup raised their price objective on shares of Aris Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Stifel Nicolaus lifted their price target on shares of Aris Water Solutions from $17.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Evercore ISI lifted their price target on shares of Aris Water Solutions from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions has an average rating of “Moderate Buy” and an average target price of $14.93.

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.