Evercore ISI Forecasts Strong Price Appreciation for Aris Water Solutions (NYSE:ARIS) Stock

Aris Water Solutions (NYSE:ARIS) had its price objective boosted by Evercore ISI from $20.00 to $25.00 in a report released on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently issued reports on ARIS. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $22.00 in a research report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a report on Wednesday. Finally, US Capital Advisors raised shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.50.

Aris Water Solutions Stock Performance

Aris Water Solutions stock traded down $0.23 during mid-day trading on Wednesday, reaching $21.94. The company had a trading volume of 179,818 shares, compared to its average volume of 354,252. The company has a 50 day moving average of $16.66 and a 200-day moving average of $15.93. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 27.71 and a beta of 1.62. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a 52 week low of $7.22 and a 52 week high of $22.36.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. The firm had revenue of $101.12 million for the quarter, compared to analyst estimates of $97.86 million. On average, sell-side analysts expect that Aris Water Solutions will post 0.88 EPS for the current fiscal year.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.105 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.91%. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Insider Buying and Selling

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $14.84, for a total value of $219,824.92. Following the transaction, the chief operating officer now directly owns 94,690 shares in the company, valued at $1,405,199.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors have recently bought and sold shares of the business. Inspire Investing LLC acquired a new stake in shares of Aris Water Solutions in the first quarter valued at $359,000. Clearbridge Investments LLC increased its position in Aris Water Solutions by 7.2% in the 1st quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock valued at $8,237,000 after acquiring an additional 39,145 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Aris Water Solutions in the 1st quarter valued at about $166,000. Lazard Asset Management LLC bought a new position in shares of Aris Water Solutions in the first quarter worth about $222,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Aris Water Solutions by 9.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock worth $313,000 after purchasing an additional 1,902 shares in the last quarter. 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.