Aris Water Solutions (NYSE:ARIS) PT Raised to $20.00 at Stifel Nicolaus

Aris Water Solutions (NYSE:ARIS) had its price target boosted by Stifel Nicolaus from $17.00 to $20.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 17.58% from the company’s previous close.

Several other research analysts have also commented on the stock. Wells Fargo & Company lifted their price target on shares of Aris Water Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. TheStreet raised shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. The Goldman Sachs Group boosted their target price on shares of Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Citigroup boosted their target price on shares of Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.42.

Aris Water Solutions Stock Performance

Shares of NYSE ARIS traded down $0.04 during midday trading on Thursday, hitting $17.01. The company’s stock had a trading volume of 41,928 shares, compared to its average volume of 305,660. Aris Water Solutions has a 1-year low of $7.22 and a 1-year high of $17.27. The firm’s fifty day moving average price is $13.87 and its 200-day moving average price is $10.36. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $983.01 million, a P/E ratio of 28.12 and a beta of 1.65.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%. The business had revenue of $104.13 million during the quarter, compared to analyst estimates of $97.65 million. On average, sell-side analysts forecast that Aris Water Solutions will post 0.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Aris Water Solutions

A number of institutional investors have recently added to or reduced their stakes in ARIS. SG Americas Securities LLC bought a new stake in shares of Aris Water Solutions in the 3rd quarter worth $122,000. Raymond James Financial Services Advisors Inc. bought a new stake in Aris Water Solutions in the third quarter worth about $145,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Aris Water Solutions in the third quarter worth about $169,000. Allspring Global Investments Holdings LLC lifted its holdings in Aris Water Solutions by 5.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 558,529 shares of the company’s stock valued at $5,574,000 after acquiring an additional 29,264 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its position in shares of Aris Water Solutions by 40.8% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 244,125 shares of the company’s stock valued at $2,436,000 after purchasing an additional 70,737 shares in the last quarter. 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.