Evercore ISI Raises Aris Water Solutions (NYSE:ARIS) Price Target to $25.00

Aris Water Solutions (NYSE:ARIS) had its price target raised by Evercore ISI from $20.00 to $25.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 13.28% from the stock’s current price.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $22.00 in a research report on Wednesday. US Capital Advisors raised Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group raised their target price on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Aris Water Solutions has an average rating of “Moderate Buy” and a consensus target price of $17.64.

Aris Water Solutions Price Performance

Shares of NYSE ARIS traded up $1.09 during mid-day trading on Wednesday, reaching $22.07. The company had a trading volume of 459,456 shares, compared to its average volume of 351,558. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.28 billion, a PE ratio of 29.37 and a beta of 1.62. The company has a 50-day moving average price of $16.54 and a two-hundred day moving average price of $15.89. Aris Water Solutions has a 1-year low of $7.22 and a 1-year high of $22.36.

Aris Water Solutions (NYSE:ARIS) last issued its earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $101.12 million for the quarter, compared to analysts’ expectations of $97.86 million. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. On average, equities analysts anticipate that Aris Water Solutions will post 0.88 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Brunt David Dylan Van sold 14,813 shares of Aris Water Solutions stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the transaction, the chief operating officer now directly owns 94,690 shares in the company, valued at approximately $1,405,199.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 22.46% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Institutional investors have recently made changes to their positions in the business. Kennedy Capital Management LLC increased its stake in Aris Water Solutions by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 594,686 shares of the company’s stock valued at $8,415,000 after acquiring an additional 21,515 shares during the period. Clearbridge Investments LLC lifted its position in shares of Aris Water Solutions by 7.2% during the 1st quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock worth $8,237,000 after buying an additional 39,145 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after purchasing an additional 139,259 shares during the last quarter. American Century Companies Inc. increased its position in Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after acquiring an additional 284,788 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Aris Water Solutions by 93.5% in the 2nd quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock valued at $3,103,000 after acquiring an additional 95,700 shares in the last quarter. 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.