Aris Water Solutions (NYSE:ARIS) Price Target Raised to $16.00

by · The Cerbat Gem

Aris Water Solutions (NYSE:ARIS – Free Report) had its price target lifted by The Goldman Sachs Group from $14.50 to $16.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

ARIS has been the topic of several other research reports. Citigroup increased their price target on Aris Water Solutions from $13.00 to $14.00 and gave the stock a buy rating in a report on Monday, March 4th. TheStreet upgraded Aris Water Solutions from a d+ rating to a c- rating in a report on Wednesday, March 13th. Finally, Wells Fargo & Company increased their price objective on Aris Water Solutions from $9.00 to $11.00 and gave the stock an equal weight rating in a research note on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $11.79.

Read Our Latest Analysis on Aris Water Solutions

Aris Water Solutions Stock Down 3.4 %

Shares of Aris Water Solutions stock opened at $14.28 on Wednesday. The stock’s 50-day moving average is $11.98 and its 200 day moving average is $9.75. The firm has a market cap of $825.24 million, a price-to-earnings ratio of 23.80 and a beta of 1.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12. Aris Water Solutions has a one year low of $6.69 and a one year high of $15.31.

Aris Water Solutions (NYSE:ARIS – Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $104.13 million during the quarter, compared to the consensus estimate of $97.65 million. Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. Equities research analysts anticipate that Aris Water Solutions will post 0.96 EPS for the current year.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Wednesday, March 6th. Aris Water Solutions’s dividend payout ratio is currently 60.00%.

Institutional Trading of Aris Water Solutions

A number of large investors have recently bought and sold shares of ARIS. Ameritas Investment Partners Inc. increased its position in Aris Water Solutions by 64.2% in the second quarter. Ameritas Investment Partners Inc. now owns 2,469 shares of the company’s stock worth $25,000 after buying an additional 965 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new stake in Aris Water Solutions in the first quarter worth $30,000. Quantbot Technologies LP purchased a new stake in Aris Water Solutions in the first quarter worth $34,000. Macquarie Group Ltd. purchased a new stake in Aris Water Solutions in the second quarter worth $39,000. Finally, Legal & General Group Plc boosted its holdings in shares of Aris Water Solutions by 39.8% in the second quarter. Legal & General Group Plc now owns 2,430 shares of the company’s stock worth $41,000 after acquiring an additional 692 shares during the period. 39.71% of the stock is owned by hedge funds and other institutional investors.

About Aris Water Solutions

(Get Free Report)

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.

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