Aris Water Solutions (NYSE:ARIS) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• Aris Water Solutions has been given a "Hold (C+)" rating by Weiss Ratings, along with several other analysts who have assigned either Hold or neutral ratings, reflecting mixed sentiment about the stock.
• The company's stock price reached $24.56, with a market capitalization of $1.45 billion, and its 52-week trading range is between $14.46 and $33.95.
• Aris Water Solutions reported a quarterly earnings miss with an EPS of $0.19, falling short of the consensus estimate, despite revenues exceeding expectations at $124.09 million.

Aris Water Solutions (NYSE:ARIS - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

ARIS has been the subject of a number of other research reports. US Capital Advisors cut shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Wells Fargo & Company set a $27.00 price objective on Aris Water Solutions in a research note on Tuesday, August 19th. Zacks Research raised Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a research note on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective for the company. Finally, Capital One Financial downgraded Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Aris Water Solutions currently has a consensus rating of "Hold" and a consensus price target of $26.50.

Aris Water Solutions Price Performance

Shares of ARIS stock traded up $0.22 on Wednesday, reaching $24.56. The company had a trading volume of 887,513 shares, compared to its average volume of 985,046. The stock has a market capitalization of $1.45 billion, a PE ratio of 29.59 and a beta of 1.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a one year low of $14.46 and a one year high of $33.95. The business's 50-day moving average is $23.60 and its 200 day moving average is $24.34.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The company had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. Equities research analysts forecast that Aris Water Solutions will post 0.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Aris Water Solutions

A number of institutional investors and hedge funds have recently modified their holdings of ARIS. AlphaQuest LLC boosted its holdings in shares of Aris Water Solutions by 7,114.3% during the 2nd quarter. AlphaQuest LLC now owns 1,515 shares of the company's stock worth $36,000 after buying an additional 1,494 shares in the last quarter. Comerica Bank boosted its holdings in shares of Aris Water Solutions by 64.4% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $41,000 after buying an additional 495 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Aris Water Solutions by 478.2% during the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after buying an additional 1,272 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Aris Water Solutions during the 2nd quarter worth approximately $55,000. Finally, CWM LLC boosted its holdings in shares of Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after buying an additional 1,444 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

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.

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