Stifel Nicolaus Boosts Aris Water Solutions (NYSE:ARIS) Price Target to $20.00

Aris Water Solutions (NYSE:ARISFree Report) had its target price increased by Stifel Nicolaus from $17.00 to $20.00 in a report published on Thursday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

ARIS has been the topic of a number of other research reports. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $14.50 to $16.00 and gave the company a buy rating in a report on Wednesday, April 10th. TheStreet upgraded Aris Water Solutions from a d+ rating to a c- rating in a report on Wednesday, March 13th. Wells Fargo & Company increased their target price on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an equal weight rating in a research report on Thursday, March 7th. Finally, Citigroup lifted their price target on shares of Aris Water Solutions from $13.00 to $14.00 and gave the company a buy rating in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $13.42.

View Our Latest Analysis on ARIS

Aris Water Solutions Trading Down 0.2 %

Shares of ARIS stock traded down $0.03 during trading hours on Thursday, hitting $16.84. 766,031 shares of the company were exchanged, compared to its average volume of 416,043. The firm has a fifty day moving average of $14.06 and a 200 day moving average of $10.46. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. Aris Water Solutions has a 1 year low of $7.22 and a 1 year high of $17.27. The firm has a market cap of $973.18 million, a PE ratio of 23.36 and a beta of 1.65.

Aris Water Solutions (NYSE:ARISGet Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $104.13 million for the quarter, compared to analyst estimates of $97.65 million. Aris Water Solutions had a return on equity of 4.66% and a net margin of 5.73%. Analysts expect that Aris Water Solutions will post 0.99 earnings per share for the current year.

Aris Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a yield of 2.49%. Aris Water Solutions’s payout ratio is 50.00%.

Institutional Trading of Aris Water Solutions

Large investors have recently bought and sold shares of the company. Inspire Investing LLC purchased a new stake in shares of Aris Water Solutions during the first quarter worth about $359,000. Kayne Anderson Capital Advisors LP increased its holdings in Aris Water Solutions by 93.2% during 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 during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Aris Water Solutions by 271.8% during the 1st quarter. GSA Capital Partners LLP now owns 87,979 shares of the company’s stock valued at $1,245,000 after buying an additional 64,318 shares during the last quarter. Saxon Interests Inc. purchased a new position in shares of Aris Water Solutions during the 1st quarter valued at approximately $142,000. Finally, Bridge City Capital LLC increased its stake in shares of Aris Water Solutions by 3.4% in the first quarter. Bridge City Capital LLC now owns 171,730 shares of the company’s stock worth $2,430,000 after buying an additional 5,708 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Company Profile

(Get Free Report)

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.

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