Aris Water Solutions, Inc. (NYSE:ARIS) Receives $26.00 Consensus Price Target from Brokerages

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $26.00.

A number of equities analysts have weighed in on the company. StockNews.com lowered Aris Water Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. The Goldman Sachs Group reduced their price target on shares of Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Citigroup reaffirmed a “neutral” rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Finally, Wells Fargo & Company reduced their price target on shares of Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS opened at $22.99 on Friday. Aris Water Solutions has a fifty-two week low of $13.34 and a fifty-two week high of $33.95. The business has a 50-day simple moving average of $26.56 and a two-hundred day simple moving average of $26.44. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 28.74 and a beta of 1.85.

Aris Water Solutions (NYSE:ARIS) last issued its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. The business had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. On average, analysts expect that Aris Water Solutions will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions’s dividend payout ratio is 68.29%.

Insider Buying and Selling

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas A. Patterson sold 8,299 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the transaction, the insider now owns 58,228 shares of the company’s stock, valued at $1,781,776.80. The trade was a 12.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,604 shares of company stock valued at $29,817,145. 37.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in shares of Aris Water Solutions during the 1st quarter valued at approximately $237,000. Integrity Alliance LLC. bought a new stake in Aris Water Solutions in the first quarter worth $408,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Aris Water Solutions in the first quarter worth $2,187,000. Aristeia Capital L.L.C. bought a new stake in Aris Water Solutions in the first quarter worth $416,000. Finally, Redwood Investments LLC bought a new stake in Aris Water Solutions in the first quarter worth $1,987,000. 39.71% of the stock is currently owned by institutional investors.

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.