What is Seaport Res Ptn’s Forecast for ARIS FY2024 Earnings?

Aris Water Solutions, Inc. (NYSE:ARIS) – Analysts at Seaport Res Ptn boosted their FY2024 earnings per share (EPS) estimates for shares of Aris Water Solutions in a research report issued on Wednesday, November 6th. Seaport Res Ptn analyst J. Campbell now forecasts that the company will post earnings of $0.84 per share for the year, up from their previous estimate of $0.81. The consensus estimate for Aris Water Solutions’ current full-year earnings is $0.88 per share. Seaport Res Ptn also issued estimates for Aris Water Solutions’ Q4 2025 earnings at $0.29 EPS.

ARIS has been the subject of a number of other reports. The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday. US Capital Advisors upgraded shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Evercore ISI lifted their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus upped their target price on Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $19.00 to $22.00 in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Aris Water Solutions Trading Up 6.4 %

Shares of NYSE:ARIS opened at $23.65 on Friday. The business has a 50-day moving average price of $16.91 and a 200-day moving average price of $16.06. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 29.56 and a beta of 1.62. Aris Water Solutions has a 52-week low of $7.22 and a 52-week high of $23.71. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.105 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.78%. Aris Water Solutions’s payout ratio is 52.50%.

Insiders Place Their Bets

In other news, COO Brunt David Dylan Van sold 14,813 shares of the business’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 sale, the chief operating officer now directly owns 94,690 shares in the company, valued at $1,405,199.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.06% of the stock is currently owned by company insiders.

Institutional Trading of Aris Water Solutions

Several institutional investors have recently modified their holdings of ARIS. Kennedy Capital Management LLC lifted its stake in Aris Water Solutions by 3.8% in the 1st quarter. Kennedy Capital Management LLC now owns 594,686 shares of the company’s stock valued at $8,415,000 after buying an additional 21,515 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Aris Water Solutions by 7.2% during the first quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock valued at $8,237,000 after acquiring an additional 39,145 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after acquiring an additional 139,259 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Aris Water Solutions by 140.3% in the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after acquiring an additional 284,788 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Aris Water Solutions by 93.5% during the second quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock worth $3,103,000 after purchasing an additional 95,700 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Company Profile

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.