Stifel Nicolaus Issues Positive Forecast for Aris Water Solutions (NYSE:ARIS) Stock Price

Aris Water Solutions (NYSE:ARIS) had its target price raised by Stifel Nicolaus from $20.00 to $26.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 17.01% from the company’s previous close.

Several other research analysts have also recently commented on ARIS. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $22.00 in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday. US Capital Advisors raised shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, Evercore ISI lifted their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Aris Water Solutions Trading Up 0.2 %

Shares of ARIS stock opened at $22.22 on Wednesday. Aris Water Solutions has a fifty-two week low of $7.22 and a fifty-two week high of $22.36. The company has a 50 day moving average price of $16.77 and a 200 day moving average price of $15.98. The stock has a market capitalization of $1.29 billion, a P/E ratio of 27.78 and a beta of 1.62. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.30 and a current ratio of 1.30.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $101.12 million during the quarter, compared to the consensus estimate of $97.86 million. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.78%. Equities research analysts predict that Aris Water Solutions will post 0.88 EPS for the current fiscal year.

Insider Activity

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of Aris Water Solutions stock in a transaction that occurred on 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 22.46% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several hedge funds have recently made changes to their positions in ARIS. Meeder Asset Management Inc. acquired a new position in shares of Aris Water Solutions during the third quarter worth about $39,000. Principal Financial Group Inc. purchased a new position in shares of Aris Water Solutions during the 3rd quarter worth approximately $514,000. New York State Teachers Retirement System lifted its holdings in shares of 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 period. International Assets Investment Management LLC purchased a new stake in shares of Aris Water Solutions in the third quarter valued at approximately $2,080,000. Finally, Exchange Traded Concepts LLC grew its holdings in Aris Water Solutions by 988.8% during the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after acquiring an additional 125,281 shares during the period. Institutional investors and hedge funds 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.