Aris Water Solutions (NYSE:ARIS) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has initiated coverage on Aris Water Solutions (NYSE:ARIS) with a "neutral" rating and a price target of $25.00, suggesting a potential upside of 17.10% from its previous close.
• In recent evaluations, analysts have given a mix of ratings for Aris, with one "sell," four "holds," and two "buy" ratings, resulting in an average rating of "Hold" and a consensus price target of $26.50.
• Aris Water Solutions recently reported a net margin of 6.15% and earnings per share (EPS) of $0.25 for the last quarter, exceeding expectations and indicating growth potential.

Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of Aris Water Solutions (NYSE:ARIS - Get Free Report) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage set a "neutral" rating and a $25.00 price target on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 26.77% from the stock's current price.

A number of other equities analysts have also recently issued reports on ARIS. Wells Fargo & Company lowered their target price on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group lowered their target price on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Finally, Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $26.50.

Aris Water Solutions Trading Down 7.3%

Shares of ARIS traded down $1.55 during trading hours on Tuesday, reaching $19.72. The stock had a trading volume of 596,707 shares, compared to its average volume of 828,018. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. Aris Water Solutions has a 52 week low of $13.34 and a 52 week high of $33.95. The firm has a 50-day moving average of $23.42 and a 200 day moving average of $25.92. The company has a market cap of $1.17 billion, a P/E ratio of 24.05 and a beta of 1.69.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. The business had revenue of $120.49 million during the quarter, compared to analysts' expectations of $115.72 million. On average, sell-side analysts expect that Aris Water Solutions will post 0.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aris Water Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. lifted its stake in Aris Water Solutions by 477.2% in the 4th quarter. Sei Investments Co. now owns 60,102 shares of the company's stock valued at $1,439,000 after purchasing an additional 49,690 shares during the last quarter. LPL Financial LLC lifted its stake in Aris Water Solutions by 30.5% in the 4th quarter. LPL Financial LLC now owns 98,816 shares of the company's stock valued at $2,367,000 after purchasing an additional 23,123 shares during the last quarter. Blair William & Co. IL acquired a new stake in Aris Water Solutions in the 4th quarter valued at about $347,000. Wellington Management Group LLP lifted its stake in Aris Water Solutions by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock valued at $23,112,000 after purchasing an additional 9,395 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in Aris Water Solutions by 74.5% in the 4th quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock valued at $97,000 after purchasing an additional 1,726 shares during the last quarter. 39.71% of the stock is owned by 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.