Aris Water Solutions, Inc. (NYSE:ARIS) Announces Dividend Increase – $0.11 Per Share

Aris Water Solutions, Inc. (NYSE:ARIS) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Thursday, June 6th will be paid a dividend of 0.105 per share on Thursday, June 20th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, June 6th. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.09.

Aris Water Solutions has a dividend payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Aris Water Solutions to earn $1.18 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 30.5%.

Aris Water Solutions Trading Up 9.3 %

Shares of NYSE ARIS opened at $17.06 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. Aris Water Solutions has a one year low of $7.22 and a one year high of $17.27. The business has a 50-day moving average price of $13.87 and a two-hundred day moving average price of $10.36. The firm has a market capitalization of $985.61 million, a PE ratio of 28.43 and a beta of 1.65.

Aris Water Solutions (NYSE:ARIS) last issued its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%. The company had revenue of $104.13 million for the quarter, compared to analyst estimates of $97.65 million. As a group, analysts predict that Aris Water Solutions will post 0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ARIS has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on shares of Aris Water Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Citigroup increased their price objective on Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, March 4th. TheStreet raised Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.25.

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.