Aris Water Solutions (NYSE:ARIS) Stock Rating Lowered by US Capital Advisors

Key Points

• Aris Water Solutions has been downgraded from a "strong-buy" to a "hold" rating by US Capital Advisors, indicating a shift in analyst sentiment towards the stock.
• The company reported a quarterly EPS of $0.19, missing the analyst consensus estimate of $0.24, and had revenues slightly above expectations at $124.09 million.
• The current consensus rating for Aris Water Solutions is "Hold" with an average price target of $26.50, reflecting mixed sentiments among analysts.

Aris Water Solutions (NYSE:ARIS - Get Free Report) was downgraded by US Capital Advisors from a "strong-buy" rating to a "hold" rating in a research note issued on Thursday,Zacks.com reports.

A number of other research firms have also issued reports on ARIS. Wall Street Zen lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. initiated coverage on shares of Aris Water Solutions in a research report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective on the stock. The Goldman Sachs Group cut their target price on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Finally, Evercore ISI lowered their price target on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating on the stock in a report on Monday, August 18th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Aris Water Solutions has a consensus rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Stock Performance

Shares of ARIS stock traded up $0.03 during trading hours on Thursday, hitting $23.73. 434,702 shares of the company were exchanged, compared to its average volume of 924,218. Aris Water Solutions has a 52-week low of $14.46 and a 52-week high of $33.95. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.59 and a beta of 1.67. The firm has a fifty day simple moving average of $22.97 and a 200 day simple moving average of $25.29.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released 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). Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. The firm had revenue of $124.09 million during the quarter, compared to analysts' expectations of $120.68 million. Research analysts predict 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 large investors have recently made changes to their positions in the business. Quarry LP bought a new position in Aris Water Solutions in the 4th quarter worth $27,000. Comerica Bank raised its stake in Aris Water Solutions by 64.4% during the first quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $41,000 after purchasing an additional 495 shares during the period. AlphaQuest LLC increased its stake in 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 during the period. Harbour Investments Inc. grew its position in shares of Aris Water Solutions by 478.2% in the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock valued at $49,000 after buying an additional 1,272 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Aris Water Solutions by 303.4% in the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after acquiring an additional 1,444 shares during the period. 39.71% of the stock is currently 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.