Brokerages Set Aris Water Solutions, Inc. (NYSE:ARIS) PT at $26.00

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $26.00.

Several research analysts have commented on ARIS shares. Wall Street Zen downgraded Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Wells Fargo & Company cut their price target on Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group cut their price target on Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, Citigroup reiterated a “neutral” rating on shares of Aris Water Solutions in a report on Monday, May 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ARIS. Janney Montgomery Scott LLC purchased a new position in Aris Water Solutions during the 4th quarter worth $279,000. Legato Capital Management LLC grew its stake in Aris Water Solutions by 7.2% during the 4th quarter. Legato Capital Management LLC now owns 93,186 shares of the company’s stock worth $2,232,000 after buying an additional 6,259 shares during the last quarter. Principal Financial Group Inc. grew its stake in Aris Water Solutions by 10.4% during the 4th quarter. Principal Financial Group Inc. now owns 33,635 shares of the company’s stock worth $806,000 after buying an additional 3,179 shares during the last quarter. New York State Common Retirement Fund grew its stake in Aris Water Solutions by 6.1% during the 4th quarter. New York State Common Retirement Fund now owns 115,782 shares of the company’s stock worth $2,773,000 after buying an additional 6,700 shares during the last quarter. Finally, Denali Advisors LLC purchased a new position in Aris Water Solutions during the 4th quarter worth $507,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Water Solutions Trading Up 2.6%

ARIS opened at $25.87 on Wednesday. The stock’s fifty day moving average is $24.29 and its two-hundred day moving average is $26.37. The company has a market capitalization of $1.53 billion, a P/E ratio of 31.55 and a beta of 1.70. Aris Water Solutions has a 52 week low of $13.34 and a 52 week high of $33.95. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. Analysts forecast that Aris Water Solutions will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a $0.14 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.16%. Aris Water Solutions’s dividend payout ratio is presently 68.29%.

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.