Aris Water Solutions, Inc. (NYSE:ARIS) Declares $0.14 Dividend

Aris Water Solutions, Inc. (NYSE:ARIS) declared a dividend on Wednesday, February 26th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.14 per share on Thursday, March 27th. The ex-dividend date is Thursday, March 13th.

Aris Water Solutions has a dividend payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Aris Water Solutions to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 33.6%.

Aris Water Solutions Stock Up 20.7 %

ARIS opened at $30.98 on Friday. The firm has a market cap of $1.80 billion, a P/E ratio of 38.72 and a beta of 1.94. The business’s fifty day simple moving average is $26.69 and its 200 day simple moving average is $22.02. Aris Water Solutions has a 52 week low of $9.76 and a 52 week high of $32.00. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Analyst Upgrades and Downgrades

ARIS has been the topic of several analyst reports. Evercore ISI cut shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Wells Fargo & Company raised their target price on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their price target on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.50.

Insiders Place Their Bets

In other Aris Water Solutions news, insider S Corp Gable sold 331,181 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the completion of the sale, the insider now directly owns 2,268,559 shares in the company, valued at $57,076,944.44. This represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $25.81, for a total value of $83,202,922.70. The disclosure for this sale can be found here. Insiders have sold a total of 4,159,678 shares of company stock valued at $106,807,774 over the last quarter. Company insiders own 22.46% 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.