Analysts Set Aris Water Solutions, Inc. (NYSE:ARIS) PT at $12.25

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $12.25.

Several research analysts have recently commented on ARIS shares. Wells Fargo & Company lifted their price objective on Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. The Goldman Sachs Group increased their price objective on Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Citigroup increased their target price on shares of Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, TheStreet upgraded Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th.

Aris Water Solutions Stock Performance

Shares of ARIS opened at $14.64 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $13.41 and a 200-day moving average price of $10.17. The company has a market cap of $846.05 million, a PE ratio of 23.70 and a beta of 1.65. Aris Water Solutions has a 12-month low of $6.78 and a 12-month high of $15.31.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $104.13 million for the quarter, compared to the consensus estimate of $97.65 million. Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. As a group, equities analysts forecast that Aris Water Solutions will post 0.97 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, March 6th. Aris Water Solutions’s dividend payout ratio is currently 60.00%.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in Aris Water Solutions by 221.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the company’s stock worth $55,000 after buying an additional 4,503 shares during the period. Oxford Asset Management LLP purchased a new stake in Aris Water Solutions during the fourth quarter worth $86,000. SG Americas Securities LLC bought a new stake in Aris Water Solutions during the 3rd quarter valued at $122,000. Saxon Interests Inc. purchased a new position in Aris Water Solutions in the first quarter valued at about $142,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Aris Water Solutions in the third quarter worth about $145,000. Hedge funds and other institutional investors 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.