Aris Water Solutions, Inc. (NYSE:ARIS) Given Consensus Recommendation of “Hold” by 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 stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.00.

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

Institutional Investors Weigh In On Aris Water Solutions

Several institutional investors have recently modified their holdings of the stock. Comerica Bank lifted its stake in shares of Aris Water Solutions by 64.4% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $41,000 after purchasing an additional 495 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Aris Water Solutions by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company’s stock worth $365,000 after acquiring an additional 557 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Aris Water Solutions by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 79,589 shares of the company’s stock worth $2,550,000 after acquiring an additional 642 shares during the last quarter. Quarry LP bought a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $27,000. Finally, Larson Financial Group LLC bought a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $28,000. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Stock Performance

NYSE:ARIS opened at $25.87 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63. Aris Water Solutions has a 12-month low of $13.34 and a 12-month high of $33.95. The stock has a 50-day moving average price of $24.29 and a 200 day moving average price of $26.37. The stock has a market capitalization of $1.53 billion, a P/E ratio of 31.55 and a beta of 1.70.

Aris Water Solutions (NYSE:ARIS) last released 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 return on equity of 3.77% and a net margin of 6.15%. The firm had revenue of $120.49 million during the quarter, compared to analysts’ expectations of $115.72 million. Equities research analysts forecast that Aris Water Solutions will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

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