Evercore ISI Issues Positive Forecast for Aris Water Solutions (NYSE:ARIS) Stock Price

Aris Water Solutions (NYSE:ARIS) had its price target hoisted by Evercore ISI from $20.00 to $25.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

ARIS has been the topic of several other reports. The Goldman Sachs Group lifted their price objective 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 Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price target for the company from $19.00 to $22.00 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Aris Water Solutions Trading Down 1.0 %

Shares of NYSE ARIS traded down $0.23 during mid-day trading on Wednesday, hitting $21.94. 179,818 shares of the company traded hands, compared to its average volume of 354,252. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a 1 year low of $7.22 and a 1 year high of $22.36. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 27.71 and a beta of 1.62. The business has a 50 day moving average of $16.66 and a two-hundred day moving average of $15.93.

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

Aris Water Solutions Dividend Announcement

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

Insider Activity at Aris Water Solutions

In other Aris Water Solutions 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 shares were 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 of the company’s stock, 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 legal filing with the SEC, which is available at this hyperlink. Insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several large investors have recently made changes to their positions in the stock. Clearbridge Investments LLC lifted its holdings in 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 purchasing an additional 39,145 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Aris Water Solutions in the second quarter valued at approximately $554,000. American Century Companies Inc. raised its position 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 valued at $7,644,000 after purchasing an additional 284,788 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Aris Water Solutions by 988.8% in the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after buying an additional 125,281 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of Aris Water Solutions during the 2nd quarter worth $765,000. Institutional investors 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.