By otakuyassine3@gmail.com 
Aris Water Solutions (NYSE:ARIS – Get Free Report) had its price target upped by equities researchers at Stifel Nicolaus from $26.00 to $28.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 11.71% from the stock’s previous close.
ARIS has been the topic of several other reports. JPMorgan Chase & Co. cut 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 research report on Wednesday, November 6th. Evercore ISI increased their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.83.
Get Our Latest Report on Aris Water Solutions
Aris Water Solutions Trading Down 2.9 %
Aris Water Solutions stock opened at $25.07 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions has a one year low of $7.74 and a one year high of $27.94. The stock has a market capitalization of $1.46 billion, a PE ratio of 31.33 and a beta of 1.91. The business’s fifty day moving average is $21.76 and its 200 day moving average is $17.98.
Insiders Place Their Bets
In other news, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the transaction, the director now directly owns 42,082 shares of the company’s stock, valued at $1,068,461.98. The trade was a 3.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.06% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC lifted its position in shares of Aris Water Solutions by 4.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company’s stock valued at $5,940,000 after buying an additional 13,676 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Aris Water Solutions during the 3rd quarter valued at about $266,000. Tidal Investments LLC purchased a new position in shares of Aris Water Solutions during the 3rd quarter valued at about $252,000. Barclays PLC lifted its position in shares of Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after buying an additional 25,790 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Aris Water Solutions by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock valued at $10,450,000 after buying an additional 18,304 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.
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.
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