Aris Water Solutions (NYSE:ARIS) Releases Quarterly Earnings Results

Key Points

• Aris Water Solutions reported quarterly earnings of $0.19 per share, missing the expected $0.24 by $0.05, with a net margin of 6.15% and return on equity of 3.77%.
• Following the earnings release, shares fell by 1.1%, reaching $23.35, against a market capitalization of $1.38 billion.
• Analysts adjusted their price targets, with Goldman Sachs lowering it from $34 to $30, while Wells Fargo cut theirs from $29 to $23, indicating a mixed outlook on the stock.

Aris Water Solutions (NYSE:ARIS - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05), Zacks reports. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%.

Aris Water Solutions Stock Down 1.1%

Shares of ARIS traded down $0.27 on Monday, reaching $23.35. The stock had a trading volume of 2,792,798 shares, compared to its average volume of 895,445. The company has a 50-day simple moving average of $23.18 and a 200-day simple moving average of $25.55. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.48 and a beta of 1.67. Aris Water Solutions has a 12-month low of $14.46 and a 12-month high of $33.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 1.87.

Analysts Set New Price Targets

ARIS has been the topic of several recent research reports. The Goldman Sachs Group reduced their price objective on 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. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. started coverage on 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. Finally, Wells Fargo & Company cut their price objective on 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $26.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Comerica Bank raised its stake in shares of Aris Water Solutions by 64.4% in 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 last quarter. Royal Bank of Canada grew its holdings in shares of Aris Water Solutions by 4.2% in the first quarter. Royal Bank of Canada now owns 41,546 shares of the company's stock worth $1,330,000 after acquiring an additional 1,678 shares during the period. AQR Capital Management LLC grew its holdings in Aris Water Solutions by 388.9% during the first quarter. AQR Capital Management LLC now owns 56,816 shares of the company's stock valued at $1,820,000 after purchasing an additional 45,194 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Aris Water Solutions by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,926 shares of the company's stock valued at $510,000 after purchasing an additional 680 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Aris Water Solutions during the first quarter valued at about $2,187,000. Hedge funds and other institutional investors own 39.71% of the company's stock.

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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