Aris Water Solutions, Inc. (NYSE:ARIS) to Issue $0.11 Quarterly Dividend

Aris Water Solutions, Inc. (NYSE:ARIS) announced a quarterly dividend on Monday, November 4th, NASDAQ reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.105 per share on Thursday, December 19th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, December 5th.

Aris Water Solutions has a dividend payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Aris Water Solutions to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 32.8%.

Aris Water Solutions Stock Up 26.7 %

Shares of ARIS traded up $4.42 during mid-day trading on Tuesday, hitting $20.98. 1,992,535 shares of the company’s stock were exchanged, compared to its average volume of 351,387. Aris Water Solutions has a twelve month low of $7.22 and a twelve month high of $22.03. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 27.93 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. The firm has a fifty day moving average of $16.46 and a two-hundred day moving average of $15.84.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 14,813 shares of the company’s stock in a transaction that occurred on 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 approximately $1,405,199.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 22.46% of the stock is currently owned by company insiders.

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.