Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) rose 4.1% during trading on Friday . The stock traded as high as $26.59 and last traded at $26.56. Approximately 143,728 shares were traded during trading, a decline of 76% from the average daily volume of 610,220 shares. The stock had previously closed at $25.52.
Analyst Upgrades and Downgrades
ARIS has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Wells Fargo & Company dropped 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. Finally, Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Aris Water Solutions currently has a consensus rating of "Hold" and a consensus target price of $26.00.
Get Our Latest Report on ARIS
Aris Water Solutions Stock Performance
The stock's 50-day simple moving average is $24.30 and its 200-day simple moving average is $26.39. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 31.52 and a beta of 1.70. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.
Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The business 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 3.74% and a net margin of 6.29%. Analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.
Aris Water Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions's payout ratio is currently 68.29%.
Institutional Investors Weigh In On Aris Water Solutions
Several institutional investors and hedge funds have recently bought and sold shares of ARIS. Principal Financial Group Inc. increased its holdings in Aris Water Solutions by 10.4% in the 4th 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 boosted its position in shares of 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 bought a new position in Aris Water Solutions in the fourth quarter valued at approximately $507,000. Oppenheimer & Co. Inc. acquired a new position in Aris Water Solutions during the fourth quarter valued at approximately $856,000. Finally, Bailard Inc. bought a new stake in Aris Water Solutions during the fourth quarter worth $280,000. Institutional investors own 39.71% of the company's stock.
Aris Water Solutions Company Profile
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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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