Aris Water Solutions (NYSE:ARIS) Lowered to Hold Rating by Capital One Financial

Key Points

• Aris Water Solutions has been downgraded from a "strong-buy" to a "hold" rating by Capital One Financial, signaling a shift in investor sentiment.
• Wells Fargo reduced its price target for the stock from $29 to $23, while Goldman Sachs lowered theirs from $34 to $30, indicating declining expectations for the company's stock performance.
• Aris Water Solutions reported $0.19 EPS for the last quarter, missing analysts' expectations of $0.24, highlighting potential challenges in meeting financial targets.

Aris Water Solutions (NYSE:ARIS - Get Free Report) was downgraded by research analysts at Capital One Financial from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. Wells Fargo & Company dropped their price target on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group dropped their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. initiated coverage on shares of Aris Water Solutions in a report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 target price on the stock. Finally, Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $26.50.

Aris Water Solutions Trading Down 1.1%

Shares of NYSE ARIS opened at $23.35 on Monday. Aris Water Solutions has a 1-year low of $14.46 and a 1-year high of $33.95. The company has a market cap of $1.38 billion, a PE ratio of 28.48 and a beta of 1.67. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $23.19 and a two-hundred day moving average of $25.51.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The firm had revenue of $124.09 million for the quarter, compared to analyst estimates of $120.68 million. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. As a group, equities analysts expect that Aris Water Solutions will post 0.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC bought a new position in Aris Water Solutions during the first quarter worth about $39,880,000. Raymond James Financial Inc. bought a new position in Aris Water Solutions during the fourth quarter worth about $29,663,000. First Manhattan CO. LLC. bought a new position in Aris Water Solutions during the first quarter worth about $17,313,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in Aris Water Solutions during the second quarter worth about $10,642,000. Finally, Nuveen LLC bought a new position in Aris Water Solutions during the first quarter worth about $11,366,000. Institutional investors own 39.71% of the company's stock.

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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