Aris Water Solutions (NYSE:ARIS) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Aris Water Solutions (NYSE:ARIS - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.10), Zacks reports. The company had revenue of $118.61 million for the quarter, compared to analyst estimates of $109.92 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%.

Aris Water Solutions Stock Up 1.9 %

Shares of ARIS traded up $0.58 during mid-day trading on Friday, reaching $31.56. 1,199,967 shares of the stock traded hands, compared to its average volume of 933,153. The stock has a fifty day simple moving average of $26.84 and a 200 day simple moving average of $22.19. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 39.46 and a beta of 1.94. Aris Water Solutions has a 12-month low of $10.56 and a 12-month high of $32.00. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, March 13th. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's payout ratio is currently 70.00%.

Insiders Place Their Bets

In other Aris Water Solutions news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider S Corp Gable sold 31,410 shares of the firm's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $25.04, for a total value of $786,506.40. Following the transaction, the insider now directly owns 2,599,740 shares in the company, valued at $65,097,489.60. This trade represents a 1.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,159,678 shares of company stock worth $106,807,774 in the last quarter. 23.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ARIS shares. Evercore ISI lowered shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and boosted their price target for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. US Capital Advisors lowered shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Wells Fargo & Company increased their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Stifel Nicolaus increased their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Aris Water Solutions currently has a consensus rating of "Hold" and a consensus target price of $27.00.

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.