Aris Water Solutions, Inc. (NYSE:ARIS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $20.50.

Several equities analysts recently commented on the company. Evercore ISI raised their target price on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price target for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. The Goldman Sachs Group raised their price target on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus raised their price target on Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 6th.

Aris Water Solutions Price Performance

Aris Water Solutions stock opened at $26.86 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market capitalization of $1.56 billion, a PE ratio of 33.58 and a beta of 1.62. Aris Water Solutions has a one year low of $7.22 and a one year high of $27.90. The business has a 50 day simple moving average of $19.24 and a 200 day simple moving average of $16.95.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.105 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.56%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 52.50%.

Insider Activity

In other news, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the sale, the director now directly owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. This trade represents a 3.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.46% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new position in shares of Aris Water Solutions in the 3rd quarter worth $266,000. Tidal Investments LLC bought a new position in Aris Water Solutions during the third quarter worth about $252,000. Barclays PLC lifted its holdings in Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after acquiring an additional 25,790 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Aris Water Solutions by 3.0% during the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock worth $10,450,000 after acquiring an additional 18,304 shares in the last quarter. Finally, State Street Corp lifted its holdings in Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after acquiring an additional 80,490 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

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.