Aris Water Solutions (NYSE:ARIS) Upgraded by Zacks Research to "Hold" Rating

Key Points

• Zacks Research upgraded Aris Water Solutions from a "strong sell" to a "hold" rating, indicating a potential stabilization in investor sentiment.
• Analysts currently have a consensus "hold" rating for the company, with an average price target of $26.50.
• In its recent earnings report, Aris Water Solutions reported $0.19 EPS, missing consensus estimates, despite generating revenue of $124.09 million for the quarter.

Aris Water Solutions (NYSE:ARIS - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

ARIS has been the subject of a number of other reports. JPMorgan Chase & Co. began coverage on shares of Aris Water Solutions in a report on Tuesday, July 29th. They set a "neutral" rating and a $25.00 price target for the company. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Wells Fargo & Company set a $27.00 price target on shares of Aris Water Solutions in a report on Tuesday, August 19th. Wall Street Zen lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, Capital One Financial lowered shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Aris Water Solutions currently has a consensus rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Trading Down 0.8%

NYSE:ARIS opened at $24.08 on Monday. The company has a fifty day moving average of $22.88 and a 200 day moving average of $25.16. Aris Water Solutions has a 52 week low of $14.46 and a 52 week high of $33.95. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.42 billion, a P/E ratio of 29.01 and a beta of 1.68.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly 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). 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 for the quarter, compared to the consensus estimate of $120.68 million. On average, research analysts predict that Aris Water Solutions will post 0.91 earnings per share for the current year.

Institutional Trading of Aris Water Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kaizen Financial Strategies grew its position in shares of Aris Water Solutions by 2.2% in the 2nd quarter. Kaizen Financial Strategies now owns 20,289 shares of the company's stock worth $480,000 after buying an additional 439 shares during the period. Comerica Bank grew its position in shares of Aris Water Solutions by 64.4% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $41,000 after buying an additional 495 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Aris Water Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock worth $365,000 after buying an additional 557 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Aris Water Solutions by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 79,589 shares of the company's stock worth $2,550,000 after buying an additional 642 shares during the period. Finally, Ameritas Investment Partners Inc. grew its position in shares of Aris Water Solutions by 27.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,153 shares of the company's stock worth $75,000 after buying an additional 684 shares during the period. 39.71% of the stock is owned by hedge funds and other 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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