Brokerages Set Aris Water Solutions, Inc. (NYSE:ARIS) Target Price at $18.50

Aris Water Solutions, Inc. (NYSE:ARIS) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.50.

Several brokerages have recently commented on ARIS. US Capital Advisors upgraded shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Stifel Nicolaus upped their target price on shares of Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI lifted their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on shares of Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut shares of 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 research report on Wednesday, November 6th.

Insider Activity

In related news, Director Debra Coy sold 1,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the sale, the director now directly owns 42,082 shares of the company’s stock, valued at $1,068,461.98. The trade was a 3.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 22.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions during the 2nd quarter valued at $27,000. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions in the 3rd quarter worth approximately $39,000. New York State Teachers Retirement System grew its position in shares of 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 purchasing an additional 2,346 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Aris Water Solutions in the second quarter worth $46,000. Finally, Point72 Asset Management L.P. bought a new stake in Aris Water Solutions during the second quarter valued at $82,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock opened at $27.05 on Friday. The firm has a fifty day moving average price of $19.03 and a two-hundred day moving average price of $16.88. The company has a market cap of $1.58 billion, a PE ratio of 33.81 and a beta of 1.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions has a fifty-two week low of $7.22 and a fifty-two week high of $27.64.

Aris Water Solutions Announces Dividend

The firm 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 1.55%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

About Aris Water Solutions

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.