The price of Aris Water Solutions Inc. (NYSE:ARIS) shares last traded on Wall Street fell -15.41% to $11.20.
ARIS stock price is now -23.85% away from the 50-day moving average and -31.25% away from the 200-day moving average. The market capitalization of the company currently stands at $649.04M.
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With the price target reduced from $20 to $17, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Aris Water Solutions Inc. (NYSE: ARIS). On December 09, 2022, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $20, while ‘Evercore ISI’ rates the stock as ‘Outperform’.
In other news, COLONNETTA JOSEPH, Director bought 5,000 shares of the company’s stock on Mar 17. The stock was bought for $89,358 at an average price of $17.87. Upon completion of the transaction, the Director now directly owns 12,693 shares in the company, valued at $0.14 million. Insiders disposed of 81,789 shares of company stock worth roughly $0.92 million over the past 1 year. A total of 4.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ARIS stock. A new stake in Aris Water Solutions Inc. shares was purchased by DEPRINCE RACE & ZOLLO INC during the first quarter worth $18,512,000. RANGER INVESTMENT MANAGEMENT, L.P. invested $12,345,000 in shares of ARIS during the first quarter. In the first quarter, WASATCH ADVISORS INC acquired a new stake in Aris Water Solutions Inc. valued at approximately $3,415,000. VONTOBEL HOLDING LTD. acquired a new stake in ARIS for approximately $464,000. OLISTICO WEALTH, LLC purchased a new stake in ARIS valued at around $363,000 in the second quarter. In total, there are 148 active investors with 88.60% ownership of the company’s stock.
A candlestick chart of Aris Water Solutions Inc. (NYSE: ARIS) showed a price of $12.18 on Tuesday morning. During the past 12 months, Aris Water Solutions Inc. has had a low of $11.75 and a high of $23.58. As of last week, the company has a debt-to-equity ratio of 1.42, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for ARIS is $14.71 and a two-hundred day moving average price translates $16.29 for the stock.
The latest earnings results from Aris Water Solutions Inc. (NYSE: ARIS) was released for Sep, 2022. According to the Utilities – Regulated Water Company, earnings per share came in at $0.02, missing analysts’ expectations of $0.21 by -0.19. This compares to -$0.91 EPS in the same period last year. The net profit margin was 2.00% and return on equity was 2.70% for ARIS. The company reported revenue of $90.78 million for the quarter, compared to $59.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.57 percent. For the current quarter, analysts expect ARIS to generate $86.58M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/30/2022. Investors who held shares on 11/17/2022 were paid a $0.09 dividend. On an annualized basis, this represents a $0.36 dividend and a 3.21% percent yield. There was an ex-dividend date of 11/16/2022 for this dividend. In terms of dividend payout ratio, ARIS is presently at 313.20%.
Aris Water Solutions Inc.(ARIS) 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. The company was founded in 2015 and is headquartered in Houston, Texas.
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