Artesian Resources (ARTNA) AI Stock Analysis

• Market Cap: $330.13M
• Dividend Yield: 3.87%
• Average Volume (3M): 26.21K
• Price to Earnings (P/E): 14.3
• Beta (1Y): 0.26
• Revenue Growth: 5.80%
• EPS Growth: 12.33%
• Country: US
• Employees: 245
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Water
• EPS (TTM): 0.40
• Shares Outstanding: 9,436,930
• 10 Day Avg. Volume: 23,876
• 30 Day Avg. Volume: 26,215
• PEG Ratio: 1.23
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 2.89
• P/FCF Ratio: -17.62
• Enterprise Value/Market Cap: 1.56
• Enterprise Value/Revenue: 4.55
• Enterprise Value/Gross Profit: 10.53
• Enterprise Value/Ebitda: 9.76
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 2
• Revenue Forecast (FY): $117.00M

• Rating: 67 Neutral
• Price Target: $35.00 ▲(11.01% Upside)
• Action: Downgraded Date: 03/17/26
• Date: Action: Downgraded 03/17/26

The score is driven primarily by solid financial performance (steady growth, strong profitability, and a much improved balance sheet) and supportive valuation (moderate P/E with a strong dividend yield). These positives are tempered by weak technicals, with the stock trading below key moving averages and bearish momentum indicators.

Positive Factors

Regulated business model

As a regulated water/wastewater utility, Artesian benefits from cost recovery and an allowed return on invested capital through state rate proceedings. That structure provides predictable cash flows and earnings visibility over multi-quarter horizons, supporting financing and dividend stability.

Negative Factors

Free-cash-flow volatility

Historic multi-year negative free cash flow reflects heavy, lumpy investment spending in prior years. Even with a 2025 rebound, this pattern suggests capex timing can sharply swing distributable cash and requires monitoring to ensure cash generation remains consistent under typical utility cycles.

Artesian Resources Business Overview & Revenue Model

Company Description

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municip...

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Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municip...

How the Company Makes Money

Artesian Resources primarily makes money by charging customers for regulated utility services—most importantly the sale and delivery of potable water, and in some areas wastewater service. Revenue is largely generated through (1) metered volumetri...

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Artesian Resources primarily makes money by charging customers for regulated utility services—most importantly the sale and delivery of potable water, and in some areas wastewater service. Revenue is largely generated through (1) metered volumetri...

Artesian Resources Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	112.94M	107.95M	98.86M	98.90M	90.86M
Gross Profit	42.01M	53.41M	48.23M	48.27M	45.50M
EBITDA	49.42M	50.12M	42.13M	42.40M	39.92M
Net Income	22.82M	20.39M	16.70M	18.00M	16.83M
Balance Sheet
Total Assets	851.23M	798.62M	766.83M	720.30M	625.31M
Cash, Cash Equivalents and Short-Term Investments	52.00K	1.15M	2.50M	1.31M	92.00K
Total Debt	182.65M	179.11M	181.06M	198.31M	172.03M
Total Liabilities	601.31M	559.43M	536.43M	532.37M	447.30M
Stockholders Equity	249.92M	239.19M	230.40M	187.93M	178.01M
Cash Flow
Free Cash Flow	-18.50M	-9.12M	-30.33M	-24.22M	-9.50M
Operating Cash Flow	40.35M	36.82M	31.85M	24.27M	31.31M
Investing Cash Flow	-58.72M	-45.32M	-62.08M	-54.76M	-40.72M
Financing Cash Flow	17.27M	7.14M	31.42M	31.71M	9.48M

Artesian Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 31.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ARTNA, the sentiment is Negative. The current price of 31.53 is below the 20-day moving average (MA) of 32.60, below the 50-day MA of 32.88, and below the 200-day MA of 32.29, indicating a bearish trend. The MACD of -0.52 indicates Positive momentum. The RSI at 44.31 is Neutral, neither overbought nor oversold. The STOCH value of 43.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ARTNA.

Artesian Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PCYO	74 Outperform	$238.02M	14.74	9.79%	―	-9.25%	12.89%
ARTNA	67 Neutral	$330.13M	14.28	9.26%	3.87%	5.80%	12.33%
MSEX	67 Neutral	$946.66M	26.96	9.08%	2.67%	6.24%	3.35%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
YORW	58 Neutral	$435.91M	22.20	8.49%	2.68%	3.63%	-5.82%
GWRS	54 Neutral	$211.94M	77.24	3.58%	3.56%	7.06%	-38.94%
CDZI	46 Neutral	$423.03M	-13.71	-136.36%	―	188.33%	4.12%