Q1 2024 EPS Estimates for Aris Water Solutions, Inc. Raised by US Capital Advisors (NYSE:ARIS)

Aris Water Solutions, Inc. (NYSE:ARIS – Get Rating) – Investment analysts at US Capital Advisors upped their Q1 2024 earnings estimates for Aris Water Solutions in a research report issued to clients and investors on Friday, May 19th. US Capital Advisors analyst J. Carreker now forecasts that the company will earn $0.17 per share for the quarter, up from their previous forecast of $0.14. The consensus estimate for Aris Water Solutions’ current full-year earnings is $0.68 per share. US Capital Advisors also issued estimates for Aris Water Solutions’ Q2 2024 earnings at $0.20 EPS, Q3 2024 earnings at $0.27 EPS, Q4 2024 earnings at $0.27 EPS and FY2025 earnings at $0.98 EPS.

Aris Water Solutions (NYSE:ARIS – Get Rating) last released its quarterly earnings data on Monday, March 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Aris Water Solutions had a net margin of 0.53% and a return on equity of 6.23%. The business had revenue of $82.87 million during the quarter, compared to the consensus estimate of $85.88 million.

A number of other research firms have also weighed in on ARIS. Barclays dropped their price objective on shares of Aris Water Solutions from $15.00 to $9.00 in a research note on Tuesday, April 18th. Wells Fargo & Company dropped their price target on shares of Aris Water Solutions from $17.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 8th. Evercore ISI dropped their price target on shares of Aris Water Solutions from $24.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 8th. Citigroup dropped their price target on shares of Aris Water Solutions from $20.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, March 15th. Finally, Raymond James dropped their price target on shares of Aris Water Solutions from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, April 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.86.

Aris Water Solutions Stock Up 0.1 %

Aris Water Solutions stock opened at $9.39 on Monday. Aris Water Solutions has a 1-year low of $6.69 and a 1-year high of $23.58. The firm has a market capitalization of $541.12 million, a price-to-earnings ratio of 39.13 and a beta of 1.63. The firm’s fifty day moving average price is $8.00 and its two-hundred day moving average price is $12.00. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.65.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Friday, June 16th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.83%. The ex-dividend date is Thursday, June 15th. Aris Water Solutions’s dividend payout ratio is 150.00%.

Institutional Trading of Aris Water Solutions

Several hedge funds have recently added to or reduced their stakes in the stock. Knights of Columbus Asset Advisors LLC raised its position in shares of Aris Water Solutions by 149.3% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 173,514 shares of the company’s stock valued at $2,214,000 after purchasing an additional 103,915 shares during the period. Emerald Advisers LLC raised its position in shares of Aris Water Solutions by 2.6% in the fourth quarter. Emerald Advisers LLC now owns 1,034,058 shares of the company’s stock valued at $14,901,000 after purchasing an additional 25,904 shares during the period. Waratah Capital Advisors Ltd. raised its position in shares of Aris Water Solutions by 96.4% in the third quarter. Waratah Capital Advisors Ltd. now owns 400,654 shares of the company’s stock valued at $5,112,000 after purchasing an additional 196,661 shares during the period. Olistico Wealth LLC bought a new stake in shares of Aris Water Solutions in the fourth quarter valued at approximately $467,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Aris Water Solutions by 64.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 456,988 shares of the company’s stock valued at $6,585,000 after purchasing an additional 179,527 shares during the period. Institutional investors own 39.50% of the company’s stock.

About Aris Water Solutions

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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.