Aris Water Solutions (ARIS) Set to Announce Quarterly Earnings on Monday

Aris Water Solutions (NYSE:ARIS) will post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Aris Water Solutions to post earnings of $0.27 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $101.12 million for the quarter, compared to analysts’ expectations of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. On average, analysts expect Aris Water Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aris Water Solutions Price Performance

ARIS stock opened at $16.29 on Friday. The stock has a 50-day moving average price of $16.47 and a two-hundred day moving average price of $15.79. Aris Water Solutions has a 1 year low of $7.22 and a 1 year high of $18.99. The stock has a market cap of $946.61 million, a PE ratio of 21.72 and a beta of 1.62. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.58%. Aris Water Solutions’s payout ratio is presently 56.00%.

Analysts Set New Price Targets

Separately, US Capital Advisors upgraded Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $15.25.

Insiders Place Their Bets

In other news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the sale, the chief operating officer now directly owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 23.06% 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.