Aris Water Solutions (NYSE:ARIS) Stock Price Expected to Rise, Evercore ISI Analyst Says

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

A number of other analysts also recently weighed in on the company. US Capital Advisors upgraded Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $22.00 in a 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.64.

Aris Water Solutions Price Performance

Shares of ARIS stock traded up $1.09 on Wednesday, reaching $22.07. The company had a trading volume of 459,456 shares, compared to its average volume of 351,558. The business’s 50-day moving average is $16.54 and its 200 day moving average is $15.89. The stock has a market capitalization of $1.28 billion, a PE ratio of 29.37 and a beta of 1.62. Aris Water Solutions has a one year low of $7.22 and a one year high of $22.36. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.62.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate 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%. Equities research analysts forecast that Aris Water Solutions will post 0.88 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Brunt David Dylan Van sold 14,813 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the transaction, the chief operating officer now owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARIS. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions during the second quarter worth approximately $27,000. New York State Teachers Retirement System increased its stake in Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after buying an additional 2,346 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Aris Water Solutions during the 2nd quarter worth about $46,000. Point72 Asset Management L.P. bought a new stake in shares of Aris Water Solutions during the 2nd quarter worth about $82,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Aris Water Solutions during the 1st quarter worth about $166,000. Institutional investors own 39.71% of the company’s stock.

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.