Seaport Res Ptn Has Bullish Outlook for ARIS FY2024 Earnings

Aris Water Solutions, Inc. (NYSE:ARIS) – Research analysts at Seaport Res Ptn boosted their FY2024 earnings per share estimates for shares of Aris Water Solutions in a report released on Wednesday, November 6th. Seaport Res Ptn analyst J. Campbell now expects that the company will earn $0.84 per share for the year, up from their previous forecast of $0.81. The consensus estimate for Aris Water Solutions’ current full-year earnings is $0.88 per share. Seaport Res Ptn also issued estimates for Aris Water Solutions’ Q4 2025 earnings at $0.29 EPS.

Other analysts also recently issued research reports about the stock. US Capital Advisors upgraded shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Evercore ISI increased their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus boosted their target price on Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered 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 report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Aris Water Solutions currently has an average rating of “Moderate Buy” and an average target price of $18.50.

Aris Water Solutions Trading Up 0.2 %

NYSE ARIS opened at $22.22 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $16.77 and a 200 day simple moving average of $15.98. Aris Water Solutions has a 12 month low of $7.22 and a 12 month high of $22.36. The firm has a market capitalization of $1.29 billion, a P/E ratio of 27.78 and a beta of 1.62.

Aris Water Solutions (NYSE:ARIS) last posted 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 net margin of 6.29% and a return on equity of 3.78%. The business had revenue of $101.12 million during the quarter, compared to the consensus estimate of $97.86 million.

Institutional Trading of Aris Water Solutions

A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. raised its holdings in Aris Water Solutions by 140.3% during the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after acquiring an additional 284,788 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after acquiring an additional 139,259 shares during the period. Exchange Traded Concepts LLC grew its stake in Aris Water Solutions by 988.8% during the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock valued at $2,327,000 after acquiring an additional 125,281 shares in the last quarter. Nicholas Investment Partners LP bought a new stake in Aris Water Solutions during the 2nd quarter worth approximately $1,703,000. Finally, Renaissance Technologies LLC increased its holdings in Aris Water Solutions by 93.5% during the 2nd quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock worth $3,103,000 after acquiring an additional 95,700 shares during the period. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Brunt David Dylan Van sold 14,813 shares of Aris Water Solutions stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the sale, the chief operating officer now owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 22.46% of the company’s stock.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 1.89%. Aris Water Solutions’s payout ratio is presently 52.50%.

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.