Aris Water Solutions, Inc. Plans Quarterly Dividend of $0.11 (NYSE:ARIS)

Aris Water Solutions, Inc. (NYSE:ARIS) announced a quarterly dividend on Monday, November 4th,NASDAQ Dividends reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.105 per share on Thursday, December 19th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 5th.

Aris Water Solutions has a dividend payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Aris Water Solutions to earn $1.30 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 32.3%.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS opened at $26.85 on Tuesday. The firm has a market capitalization of $1.56 billion, a PE ratio of 33.56 and a beta of 1.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions has a 12 month low of $7.22 and a 12 month high of $27.90. The business has a 50-day moving average of $19.84 and a two-hundred day moving average of $17.17.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group increased their target price on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI boosted their target price on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price target on shares of Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.50.

Insiders Place Their Bets

In related news, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the sale, the director now directly owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 22.46% of the stock is owned by company insiders.

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.