Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Update

Aris Water Solutions, Inc. (NYSE:ARIS) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,710,000 shares, a growth of 92.2% from the October 31st total of 889,600 shares. Currently, 6.7% of the shares of the stock are short sold. Based on an average trading volume of 402,800 shares, the short-interest ratio is presently 4.2 days.

Wall Street Analysts Forecast Growth

ARIS has been the topic of several analyst reports. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday. The Goldman Sachs Group raised their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI increased their target price on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their target price on shares of Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Aris Water Solutions Stock Down 1.4 %

Aris Water Solutions stock traded down $0.37 during midday trading on Thursday, reaching $26.86. The stock had a trading volume of 242,406 shares, compared to its average volume of 364,876. The company has a fifty day moving average price of $19.44 and a two-hundred day moving average price of $17.02. The company has a market capitalization of $1.56 billion, a P/E ratio of 33.58 and a beta of 1.62. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a 12 month low of $7.22 and a 12 month high of $27.90.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s payout ratio is currently 52.50%.

Insider Activity

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the sale, the director now directly owns 42,082 shares of the company’s stock, valued at $1,068,461.98. The trade was a 3.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Aris Water Solutions during the second quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new position in Aris Water Solutions during the 3rd quarter valued at about $39,000. New York State Teachers Retirement System increased its holdings in Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after purchasing an additional 2,346 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Aris Water Solutions during the 2nd quarter worth approximately $46,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Aris Water Solutions in the second quarter worth approximately $82,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.