Aris Water Solutions, Inc. (NYSE:ARIS) Receives $26.50 Consensus Target Price from Brokerages

Aris Water Solutions, Inc. (NYSE:ARIS) has been given an average rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.50.

Several analysts recently weighed in on ARIS shares. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Citigroup reissued a “neutral” rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Wells Fargo & Company upped their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Finally, US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th.

Aris Water Solutions Stock Down 2.7 %

Shares of Aris Water Solutions stock opened at $28.09 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.64 billion, a P/E ratio of 35.11 and a beta of 1.94. Aris Water Solutions has a fifty-two week low of $8.46 and a fifty-two week high of $30.40. The business has a 50-day moving average price of $26.16 and a 200 day moving average price of $21.15.

Insider Activity

In other news, major shareholder S Corp Gable sold 57,731 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the completion of the transaction, the insider now directly owns 3,165,939 shares in the company, valued at approximately $80,889,741.45. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $25.81, for a total value of $83,202,922.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,159,678 shares of company stock valued at $106,807,774. 23.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC acquired a new stake in Aris Water Solutions in the second quarter worth approximately $312,000. AQR Capital Management LLC acquired a new stake in Aris Water Solutions in the second quarter worth approximately $765,000. Algert Global LLC acquired a new stake in Aris Water Solutions in the second quarter worth approximately $199,000. 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 purchasing an additional 1,735 shares during the period. Finally, Inspire Investing LLC lifted its position in Aris Water Solutions by 11.0% in the third quarter. Inspire Investing LLC now owns 24,518 shares of the company’s stock worth $414,000 after purchasing an additional 2,434 shares during the period. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Company Profile

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.