Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $20.83.
ARIS has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday. The Goldman Sachs Group raised their target price on shares of Aris Water Solutions from $18.50 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, November 26th. 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. Finally, JPMorgan Chase & Co. cut shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th.
Check Out Our Latest Stock Analysis on ARIS
Aris Water Solutions Stock Performance
Shares of ARIS stock opened at $24.79 on Wednesday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 30.99 and a beta of 1.91. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions has a one year low of $7.74 and a one year high of $27.94. The company's 50-day moving average is $21.92 and its 200 day moving average is $18.05.
Aris Water Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions's dividend payout ratio (DPR) is presently 52.50%.
Insiders Place Their Bets
In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the transaction, the director now owns 42,082 shares in the company, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 22.46% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Aris Water Solutions
Several large investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Aris Water Solutions during the second quarter valued at $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Aris Water Solutions in the third quarter worth approximately $39,000. New York State Teachers Retirement System boosted its holdings in Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock valued at $41,000 after acquiring an additional 2,346 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in Aris Water Solutions in the second quarter worth $46,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Aris Water Solutions during the second quarter valued at $82,000. Institutional investors own 39.71% of the company's stock.
About Aris Water Solutions
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Get Free ReportAris 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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