Aris Water Solutions, Inc. (NYSE:ARIS) Receives $14.93 Average PT from Brokerages

Aris Water Solutions, Inc. (NYSE:ARIS) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $14.93.

ARIS has been the subject of a number of recent analyst reports. Evercore ISI increased their target price on shares of Aris Water Solutions from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Citigroup increased their target price on shares of Aris Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Stifel Nicolaus raised their price objective on shares of Aris Water Solutions from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group raised their price objective on shares of Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th.

Insider Buying and Selling

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

Hedge Funds Weigh In On Aris Water Solutions

Several large investors have recently bought and sold shares of the stock. Riverwater Partners LLC bought a new position in Aris Water Solutions during the 2nd quarter valued at $338,000. Sequoia Financial Advisors LLC bought a new position in Aris Water Solutions during the 2nd quarter valued at $554,000. SG Americas Securities LLC lifted its stake in Aris Water Solutions by 136.3% during the 2nd quarter. SG Americas Securities LLC now owns 24,244 shares of the company’s stock valued at $380,000 after acquiring an additional 13,982 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Aris Water Solutions during the 2nd quarter valued at $251,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Aris Water Solutions during the 1st quarter valued at $338,000. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $16.02 on Monday. The company has a market capitalization of $930.62 million, a P/E ratio of 22.25 and a beta of 1.64. The business has a 50 day moving average of $15.41 and a 200-day moving average of $13.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. Aris Water Solutions has a 1 year low of $7.22 and a 1 year high of $17.27.

Aris Water Solutions (NYSE:ARIS) last released its earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $103.41 million during 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, equities research analysts predict that Aris Water Solutions will post 0.88 earnings per share for the current year.

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.105 per share. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.42 annualized dividend and a dividend yield of 2.62%. Aris Water Solutions’s dividend payout ratio (DPR) is 58.33%.

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.