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

Aris Water Solutions, Inc. (NYSE:ARIS) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $14.93.

Several analysts recently issued reports on ARIS shares. Stifel Nicolaus raised their target price on Aris Water Solutions from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Wells Fargo & Company boosted their price target on Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. TheStreet raised Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Evercore ISI boosted their price target on Aris Water Solutions from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th.

Aris Water Solutions Price Performance

NYSE:ARIS opened at $14.27 on Thursday. The firm has a market capitalization of $828.96 million, a price-to-earnings ratio of 19.82 and a beta of 1.65. Aris Water Solutions has a 52-week low of $7.22 and a 52-week high of $17.27. The stock has a fifty day moving average of $15.00 and a 200 day moving average of $11.79. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09.

Aris Water Solutions (NYSE:ARIS) last released its quarterly 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. Aris Water Solutions had a return on equity of 4.62% and a net margin of 5.73%. The business had revenue of $103.41 million for the quarter, compared to the consensus estimate of $97.43 million. On average, research analysts expect that Aris Water Solutions will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, June 6th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.09. Aris Water Solutions’s payout ratio is currently 58.33%.

Insider Buying and Selling

In other Aris Water Solutions news, CEO Amanda M. Brock sold 62,054 shares of Aris Water Solutions 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 transaction, the chief executive officer now directly owns 487,909 shares of the company’s stock, valued at $8,016,344.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Aris Water Solutions news, CEO Amanda M. Brock sold 107,946 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 549,963 shares in the company, valued at $9,156,883.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Amanda M. Brock sold 62,054 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $16.43, for a total transaction of $1,019,547.22. Following the transaction, the chief executive officer now owns 487,909 shares of the company’s stock, valued at approximately $8,016,344.87. The disclosure for this sale can be found here. 22.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ARIS. Janus Henderson Group PLC purchased a new stake in shares of Aris Water Solutions in the 1st quarter valued at approximately $338,000. Kennedy Capital Management LLC boosted its position in shares of Aris Water Solutions by 3.8% during the 1st quarter. Kennedy Capital Management LLC now owns 594,686 shares of the company’s stock worth $8,415,000 after purchasing an additional 21,515 shares during the period. Blackstone Inc. purchased a new position in shares of Aris Water Solutions during the 1st quarter worth approximately $283,000. Price T Rowe Associates Inc. MD boosted its position in shares of Aris Water Solutions by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock worth $313,000 after purchasing an additional 1,902 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of Aris Water Solutions during the 1st quarter worth approximately $222,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.