Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report)'s share price 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.
Wall Street Analysts Forecast Growth
ARIS has been the subject of a number of recent analyst reports. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. The Goldman Sachs Group dropped their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company dropped their target price on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.00.
Check Out Our Latest Analysis on ARIS
Aris Water Solutions Trading Down 0.7%
The company has a 50-day moving average price of $24.28 and a two-hundred day moving average price of $26.36. The stock has a market cap of $1.50 billion, a P/E ratio of 31.13 and a beta of 1.70. 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 (NYSE:ARIS - Get Free Report) last posted its quarterly earnings results 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 net margin of 6.15% and a return on equity of 3.77%. On average, research analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.
Aris Water Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.21%. Aris Water Solutions's payout ratio is 68.29%.
Institutional Investors Weigh In On Aris Water Solutions
Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Aris Water Solutions by 10.4% during the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock valued at $806,000 after buying an additional 3,179 shares during the period. New York State Common Retirement Fund grew its holdings 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 acquiring an additional 6,700 shares in the last quarter. Denali Advisors LLC purchased a new position in Aris Water Solutions during the 4th quarter valued at about $507,000. Oppenheimer & Co. Inc. bought a new stake in shares of Aris Water Solutions in the 4th quarter valued at about $856,000. Finally, Bailard Inc. purchased a new stake in shares of Aris Water Solutions in the 4th quarter worth approximately $280,000. 39.71% of the stock is owned by institutional investors.
About Aris Water Solutions
(
Get Free Report)
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.
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