Aris Water Solutions, Inc. (NYSE:ARIS) Receives $26.17 Average Target Price from Analysts

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $26.17.

Several research analysts have commented on ARIS shares. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Citigroup reaffirmed a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Evercore ISI raised their target price on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus upped their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS opened at $27.47 on Friday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 34.34 and a beta of 1.94. The firm has a fifty day moving average price of $25.06 and a 200 day moving average price of $19.35. Aris Water Solutions has a fifty-two week low of $7.74 and a fifty-two week high of $28.16. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.53%. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Insiders Place Their Bets

In other news, Director Debra Coy sold 1,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the sale, the director now directly owns 42,082 shares in the company, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder S Corp Gable sold 57,731 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $25.55, for a total value of $1,475,027.05. Following the transaction, the insider now owns 3,165,939 shares of the company’s stock, valued at approximately $80,889,741.45. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 937,508 shares of company stock valued at $23,642,936 over the last three months. 23.06% of the stock is owned by company insiders.

Institutional Trading of Aris Water Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions in the second quarter worth about $27,000. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions in the 3rd quarter valued at about $39,000. New York State Teachers Retirement System grew its stake in Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after acquiring an additional 2,346 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Aris Water Solutions during the second quarter worth approximately $82,000. Finally, Algert Global LLC bought a new stake in shares of Aris Water Solutions during the second quarter valued at approximately $199,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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.