Aris Water Solutions (NYSE:ARIS) Reaches New 52-Week High at $15.33

Aris Water Solutions, Inc. (NYSE:ARIS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.33 and last traded at $15.28, with a volume of 374083 shares changing hands. The stock had previously closed at $14.64.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. TheStreet raised Aris Water Solutions from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th. Citigroup raised their price objective on Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, The Goldman Sachs Group upped their target price on Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Aris Water Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

Aris Water Solutions Trading Up 2.5 %

The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a 50-day moving average of $13.51 and a 200-day moving average of $10.22. The firm has a market capitalization of $866.93 million, a P/E ratio of 24.97 and a beta of 1.65.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%. The company had revenue of $104.13 million for the quarter, compared to analysts’ expectations of $97.65 million. On average, equities research analysts anticipate that Aris Water Solutions, Inc. will post 0.97 EPS for the current fiscal year.

Aris Water Solutions Dividend Announcement

The company also recently disclosed 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 dividend yield of 2.40%. The ex-dividend date was Wednesday, March 6th. Aris Water Solutions’s payout ratio is 60.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Ranger Investment Management L.P. increased its stake in shares of Aris Water Solutions by 1.5% during the fourth quarter. Ranger Investment Management L.P. now owns 2,040,756 shares of the company’s stock valued at $17,122,000 after buying an additional 30,269 shares during the period. Wellington Management Group LLP increased its position in Aris Water Solutions by 2.2% during the 4th quarter. Wellington Management Group LLP now owns 1,290,231 shares of the company’s stock valued at $10,825,000 after purchasing an additional 27,988 shares during the period. Kayne Anderson Capital Advisors LP raised its holdings in Aris Water Solutions by 93.2% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,193,336 shares of the company’s stock worth $16,886,000 after purchasing an additional 575,536 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Aris Water Solutions by 14.4% in the 4th quarter. Wasatch Advisors LP now owns 686,694 shares of the company’s stock worth $5,761,000 after purchasing an additional 86,207 shares during the period. Finally, Scout Investments Inc. boosted its stake in shares of Aris Water Solutions by 9.2% during the 4th quarter. Scout Investments Inc. now owns 568,267 shares of the company’s stock valued at $4,768,000 after purchasing an additional 47,692 shares in the last quarter. Hedge funds and other 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.