Analysts Set Aris Water Solutions, Inc. (NYSE:ARIS) PT at $14.93

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.93.

Several brokerages recently issued reports on ARIS. Wells Fargo & Company increased their target price on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. TheStreet upgraded Aris Water Solutions from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th. Evercore ISI upped their price target on Aris Water Solutions from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Citigroup raised their price objective on Aris Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Stifel Nicolaus upped their target price on Aris Water Solutions from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th.

Insiders Place Their Bets

In other news, CEO Amanda M. Brock sold 62,054 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $16.43, for a total value of $1,019,547.22. Following the completion of the sale, the chief executive officer now owns 487,909 shares in the company, valued at $8,016,344.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Aris Water Solutions news, CEO Amanda M. Brock sold 107,946 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $16.65, for a total value of $1,797,300.90. Following the completion of the transaction, the chief executive officer now owns 549,963 shares in the company, valued at approximately $9,156,883.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanda M. Brock sold 62,054 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $16.43, for a total value of $1,019,547.22. Following the sale, the chief executive officer now directly owns 487,909 shares of the company’s stock, valued at $8,016,344.87. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors have recently added to or reduced their stakes in ARIS. Tower Research Capital LLC TRC grew its position in shares of Aris Water Solutions by 221.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the company’s stock valued at $55,000 after acquiring an additional 4,503 shares during the period. Oxford Asset Management LLP purchased a new position in Aris Water Solutions in the fourth quarter valued at approximately $86,000. SG Americas Securities LLC grew its holdings in Aris Water Solutions by 31.9% during the fourth quarter. SG Americas Securities LLC now owns 16,101 shares of the company’s stock valued at $135,000 after purchasing an additional 3,897 shares during the period. Saxon Interests Inc. purchased a new stake in Aris Water Solutions in the first quarter worth $142,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Aris Water Solutions by 27.3% in the third quarter. PNC Financial Services Group Inc. now owns 16,253 shares of the company’s stock valued at $162,000 after buying an additional 3,486 shares during the period. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Stock Down 0.9 %

Shares of Aris Water Solutions stock opened at $14.93 on Thursday. The stock’s 50-day moving average is $15.06 and its 200 day moving average is $12.06. Aris Water Solutions has a one year low of $7.22 and a one year high of $17.27. The firm has a market cap of $867.28 million, a price-to-earnings ratio of 20.74 and a beta of 1.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $103.41 million for the quarter, compared to analysts’ expectations of $97.43 million. Aris Water Solutions had a return on equity of 4.62% and a net margin of 5.73%. Equities research analysts anticipate that Aris Water Solutions will post 0.91 EPS for the current year.

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, June 6th. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a yield of 2.81%. Aris Water Solutions’s dividend payout ratio (DPR) is 58.33%.

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.