Aris Water Solutions (NYSE:ARIS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Aris Water Solutions (NYSE:ARIS) had its price objective hoisted by research analysts at Wells Fargo & Company from $21.00 to $26.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 4.17% from the company’s previous close.

ARIS has been the topic of a number of other reports. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Evercore ISI increased their price target on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus raised their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.33.

Aris Water Solutions Stock Up 0.7 %

NYSE ARIS opened at $24.96 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a 12 month low of $7.74 and a 12 month high of $27.94. The stock’s 50 day moving average is $21.92 and its 200 day moving average is $18.05. The stock has a market cap of $1.45 billion, a PE ratio of 31.18 and a beta of 1.91.

Insider Buying and Selling

In other news, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the transaction, the director now owns 42,082 shares in the company, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 22.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised 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 purchasing an additional 284,788 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Aris Water Solutions in the 3rd quarter valued at $2,080,000. Exchange Traded Concepts LLC raised its stake in shares of 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 purchasing an additional 125,281 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of Aris Water Solutions by 81.0% during the third quarter. Martingale Asset Management L P now owns 60,582 shares of the company’s stock worth $1,022,000 after acquiring an additional 27,109 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in shares of Aris Water Solutions in the second quarter valued at approximately $765,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.