Aris Water Solutions (NYSE:ARIS) Shares Gap Up – Here’s Why

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) gapped up prior to trading on Tuesday . The stock had previously closed at $25.22, but opened at $25.96. Aris Water Solutions shares last traded at $26.20, with a volume of 46,707 shares traded.

Wall Street Analysts Forecast Growth

ARIS has been the subject of several research analyst reports. Wall Street Zen lowered shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Wells Fargo & Company decreased their price objective on shares of Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. Citigroup reaffirmed a “neutral” rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Finally, The Goldman Sachs Group lowered their price objective on 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.00.

Aris Water Solutions Stock Up 3.2%

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 company has a market cap of $1.54 billion, a P/E ratio of 32.51 and a beta of 1.70. The business’s fifty day moving average is $24.31 and its two-hundred day moving average is $26.38.

Aris Water Solutions (NYSE:ARIS) last issued its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. The company had revenue of $120.49 million for the quarter, compared to analysts’ expectations of $115.72 million. Equities analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS 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. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions’s dividend payout ratio (DPR) is 68.29%.

Institutional Investors Weigh In On Aris Water Solutions

A number of large investors have recently modified their holdings of the business. Ameriprise Financial Inc. raised its stake in Aris Water Solutions by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 2,758,907 shares of the company’s stock worth $88,395,000 after purchasing an additional 35,735 shares during the period. Vanguard Group Inc. raised its position in Aris Water Solutions by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,714,741 shares of the company’s stock valued at $54,940,000 after purchasing an additional 17,858 shares during the period. Driehaus Capital Management LLC purchased a new stake in Aris Water Solutions in the 1st quarter valued at about $39,880,000. Raymond James Financial Inc. purchased a new position in Aris Water Solutions during the fourth quarter worth about $29,663,000. Finally, Wellington Management Group LLP raised its stake in shares of Aris Water Solutions by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock valued at $23,112,000 after acquiring an additional 9,395 shares during the period. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Company Profile

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.