Aris Water Solutions (ARIS) Expected to Announce Quarterly Earnings on Wednesday

Aris Water Solutions (NYSE:ARIS) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Aris Water Solutions to post earnings of $0.27 per share and revenue of $109.92 million for the quarter. Persons interested in listening to the company’s conference call can do so using this link.

Aris Water Solutions Price Performance

ARIS opened at $26.58 on Monday. Aris Water Solutions has a twelve month low of $9.38 and a twelve month high of $30.40. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 33.22 and a beta of 1.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $26.45 and a 200 day simple moving average of $21.77.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group increased their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Citigroup reissued a “neutral” rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.50.

Insiders Place Their Bets

In other Aris Water Solutions news, major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the transaction, the insider now directly owns 3,111,738 shares in the company, valued at $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were 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. Insiders sold a total of 4,159,678 shares of company stock valued at $106,807,774 over the last 90 days. 23.06% of the stock is owned by company insiders.

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.