Aris Water Solutions, Inc. (NYSE:ARIS) Announces Quarterly Dividend of $0.11

Aris Water Solutions, Inc. (NYSE:ARIS) declared a quarterly dividend on Monday, November 4th, NASDAQ reports. Shareholders 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 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, December 5th.

Aris Water Solutions has a payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of ARIS stock traded up $4.42 on Tuesday, hitting $20.98. 1,992,535 shares of the stock traded hands, compared to its average volume of 351,387. The firm 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 debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a 50 day simple moving average of $16.46 and a two-hundred day simple moving average of $15.84. Aris Water Solutions has a 52 week low of $7.22 and a 52 week high of $22.03.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $101.12 million during the quarter, compared to analyst estimates of $97.86 million. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. As a group, equities research analysts predict that Aris Water Solutions will post 0.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, US Capital Advisors upgraded shares of 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $15.25.

Insider Activity

In other news, COO Brunt David Dylan Van sold 14,813 shares of the firm’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 transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 22.46% 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.