Aris Water Solutions (NYSE:ARIS) Stock Price Down 8.8%

Shares of Aris Water Solutions, Inc. (NYSE:ARIS – Get Rating) traded down 8.8% on Thursday . The company traded as low as $16.44 and last traded at $16.50. 7,307 shares changed hands during trading, a decline of 98% from the average session volume of 304,873 shares. The stock had previously closed at $18.09.

Separately, Capital One Financial raised Aris Water Solutions from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 25th.

The firm has a 50 day simple moving average of $18.47 and a 200 day simple moving average of $15.78.

Aris Water Solutions (NYSE:ARIS – Get Rating) last issued its earnings results on Monday, May 9th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.15 by $0.50. The business had revenue of $70.97 million for the quarter, compared to analysts’ expectations of $66.87 million.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Thursday, May 19th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, May 18th. This represents a $0.36 annualized dividend and a yield of 2.18%.

About Aris Water Solutions (NYSE:ARIS)

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.

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