Aris Water Solutions, Inc. (NYSE:ARIS) Receives $12.25 Consensus PT from Brokerages

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

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

Aris Water Solutions Stock Up 3.0 %

Shares of Aris Water Solutions stock opened at $14.64 on Wednesday. Aris Water Solutions has a 52-week low of $6.78 and a 52-week high of $15.31. The company has a 50 day moving average of $13.41 and a 200 day moving average of $10.17. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $846.05 million, a P/E ratio of 23.70 and a beta of 1.65.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%. The firm had revenue of $104.13 million during the quarter, compared to analyst estimates of $97.65 million. As a group, research analysts forecast that Aris Water Solutions will post 0.97 EPS 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. Shareholders of record on Thursday, March 7th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.36 annualized dividend and a yield of 2.46%. Aris Water Solutions’s payout ratio is 60.00%.

Institutional Investors Weigh In On Aris Water Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Ranger Investment Management L.P. boosted its position in shares of Aris Water Solutions by 41.7% during the third quarter. Ranger Investment Management L.P. now owns 2,010,487 shares of the company’s stock worth $20,065,000 after buying an additional 592,071 shares during the period. Kennedy Capital Management LLC acquired a new stake in shares of Aris Water Solutions in the 3rd quarter worth approximately $2,199,000. HITE Hedge Asset Management LLC bought a new position in shares of Aris Water Solutions in the fourth quarter valued at approximately $937,000. Envestnet Asset Management Inc. increased its stake in shares of Aris Water Solutions by 48.4% during the third quarter. Envestnet Asset Management Inc. now owns 309,002 shares of the company’s stock valued at $3,084,000 after acquiring an additional 100,734 shares during the period. Finally, Wasatch Advisors LP raised its holdings in Aris Water Solutions by 14.4% during the fourth quarter. Wasatch Advisors LP now owns 686,694 shares of the company’s stock worth $5,761,000 after purchasing an additional 86,207 shares in the last quarter. Institutional investors and hedge funds 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.