Aris Water Solutions (NYSE:ARIS) Price Target Raised to $26.00 at Stifel Nicolaus

Aris Water Solutions (NYSE:ARIS) had its price objective boosted by Stifel Nicolaus from $20.00 to $26.00 in a report issued on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities analysts have also commented on the stock. Evercore ISI raised their target price on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $19.00 to $22.00 in a research note on Wednesday. US Capital Advisors upgraded Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group upped their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Aris Water Solutions has an average rating of “Moderate Buy” and an average price target of $18.50.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS traded down $0.23 on Wednesday, reaching $21.94. 179,818 shares of the company’s stock were exchanged, compared to its average volume of 354,252. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a twelve month low of $7.22 and a twelve month high of $22.36. The company has a fifty day moving average of $16.66 and a 200-day moving average of $15.93. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 27.71 and a beta of 1.62.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $101.12 million during the quarter, compared to analysts’ expectations of $97.86 million. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. On average, research analysts predict that Aris Water Solutions will post 0.88 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.105 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.91%. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Insider Activity

In other news, COO Brunt David Dylan Van sold 14,813 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the transaction, the chief operating officer now owns 94,690 shares of the company’s stock, valued at $1,405,199.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Inspire Investing LLC bought a new stake in shares of Aris Water Solutions in the 1st quarter valued at $359,000. Clearbridge Investments LLC raised its position in shares of Aris Water Solutions by 7.2% in the 1st quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock worth $8,237,000 after acquiring an additional 39,145 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Aris Water Solutions in the 1st quarter valued at about $166,000. Lazard Asset Management LLC bought a new stake in shares of Aris Water Solutions during the 1st quarter valued at about $222,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Aris Water Solutions by 9.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock worth $313,000 after purchasing an additional 1,902 shares during the period. 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.