Aris Water Solutions (NYSE:ARIS) Reaches New 52-Week High – Should You Buy?

Aris Water Solutions, Inc. (NYSE:ARIS)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $31.19 and last traded at $29.80, with a volume of 170434 shares traded. The stock had previously closed at $25.66.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ARIS shares. The Goldman Sachs Group upped their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. 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, November 26th. Citigroup reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Wells Fargo & Company increased their price target on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.50.

Aris Water Solutions Stock Performance

The stock’s 50 day moving average is $26.55 and its two-hundred day moving average is $21.96. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 39.31 and a beta of 1.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Insider Buying and Selling

In related news, major shareholder S Corp Gable sold 38,739 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the transaction, the insider now owns 3,111,738 shares of the company’s stock, valued at approximately $77,886,802.14. This trade represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions stock in a transaction on Friday, December 13th. The shares were sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,159,678 shares of company stock worth $106,807,774. 22.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ARIS. Mackenzie Financial Corp bought a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $533,000. Voloridge Investment Management LLC acquired a new position in Aris Water Solutions during the fourth quarter worth $358,000. Westwood Holdings Group Inc. bought a new stake in Aris Water Solutions during the fourth quarter worth $332,000. Squarepoint Ops LLC bought a new stake in Aris Water Solutions during the fourth quarter worth $1,569,000. Finally, Two Sigma Advisers LP acquired a new stake in Aris Water Solutions in the fourth quarter valued at $220,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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.