Aris Water Solutions (NYSE:ARIS) Price Target Raised to $21.00

Aris Water Solutions (NYSE:ARIS) had its price target lifted by investment analysts at The Goldman Sachs Group from $18.50 to $21.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential downside of 4.89% from the stock’s current price.

A number of other equities research analysts have also issued reports on ARIS. 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. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $19.00 to $22.00 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.64.

Aris Water Solutions Stock Up 5.2 %

ARIS traded up $1.10 during trading hours on Wednesday, hitting $22.08. 481,120 shares of the company’s stock were exchanged, compared to its average volume of 351,871. The firm has a 50 day moving average of $16.54 and a 200 day moving average of $15.89. The company has a current ratio of 1.30, a quick ratio of 1.30 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 $22.36. The firm has a market cap of $1.28 billion, a P/E ratio of 29.37 and a beta of 1.62.

Aris Water Solutions (NYSE:ARIS) last released its earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $101.12 million during the quarter, compared to analysts’ expectations of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. Analysts predict that Aris Water Solutions will post 0.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the completion of the sale, the chief operating officer now owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 22.46% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several large investors have recently added to or reduced their stakes in ARIS. Rhumbline Advisers increased its stake in Aris Water Solutions by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after buying an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions in the 2nd quarter valued at about $27,000. Kings Path Partners LLC lifted its position in Aris Water Solutions by 2.6% in the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock worth $1,134,000 after buying an additional 1,735 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Aris Water Solutions by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock worth $313,000 after purchasing an additional 1,902 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Aris Water Solutions by 3.3% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 73,471 shares of the company’s stock worth $1,151,000 after buying an additional 2,328 shares during the period. 39.71% of the stock is currently owned by institutional investors.

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.