Aris Water Solutions (NYSE:ARIS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Aris Water Solutions (NYSE:ARIS) had its price target upped by Stifel Nicolaus from $26.00 to $28.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently issued reports on the stock. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group upped their price target on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI raised their price objective 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. Finally, JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their target price for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.83.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $24.79 on Tuesday. Aris Water Solutions has a fifty-two week low of $7.74 and a fifty-two week high of $27.94. The firm’s 50 day simple moving average is $21.92 and its 200-day simple moving average is $18.05. 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 cap of $1.44 billion, a P/E ratio of 30.99 and a beta of 1.91.

Aris Water Solutions Announces Dividend

The company also recently disclosed 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 of this dividend is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.69%. Aris Water Solutions’s dividend payout ratio is currently 52.50%.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the transaction, the director now directly owns 42,082 shares of the company’s stock, valued at $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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. Eagle Asset Management Inc. bought a new position in shares of Aris Water Solutions in the 3rd quarter valued at approximately $10,828,000. American Century Companies Inc. grew its holdings in Aris Water Solutions by 140.3% during 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 last quarter. Dimensional Fund Advisors LP raised 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 purchasing an additional 139,259 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, Nicholas Investment Partners LP bought a new stake in shares of Aris Water Solutions during the 2nd quarter worth $1,703,000. Institutional investors 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.