Aris Water Solutions (NYSE:ARIS) Given New $16.00 Price Target at The Goldman Sachs Group

Aris Water Solutions (NYSE:ARIS - Get Free Report) had its price target lifted by analysts at The Goldman Sachs Group from $14.50 to $16.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's target price points to a potential upside of 8.44% from the company's previous close.

Other analysts have also issued reports about the stock. Citigroup increased their target price on shares of Aris Water Solutions from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Wells Fargo & Company boosted their target price on Aris Water Solutions from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Thursday, March 7th. Finally, TheStreet raised Aris Water Solutions from a "d+" rating to a "c-" rating in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $11.79.

Aris Water Solutions Trading Down 2.6 %

ARIS stock traded down $0.39 during midday trading on Wednesday, hitting $14.76. The company had a trading volume of 1,079,092 shares, compared to its average volume of 283,628. The stock has a market cap of $852.69 million, a price-to-earnings ratio of 24.57 and a beta of 1.68. Aris Water Solutions has a 52 week low of $6.69 and a 52 week high of $15.31. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The stock's 50 day moving average price is $11.62 and its 200 day moving average price is $9.66.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The firm had revenue of $104.13 million for the quarter, compared to the consensus estimate of $97.65 million. Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%. As a group, equities research analysts expect that Aris Water Solutions will post 0.96 earnings per share for the current fiscal year.

Institutional Trading of Aris Water Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. increased its position in Aris Water Solutions by 64.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,469 shares of the company's stock valued at $25,000 after buying an additional 965 shares in the last quarter. Metropolitan Life Insurance Co NY purchased a new position in shares of Aris Water Solutions in the 1st quarter worth about $30,000. Quantbot Technologies LP purchased a new position in shares of Aris Water Solutions in the 1st quarter worth about $34,000. Macquarie Group Ltd. bought a new position in Aris Water Solutions in the 2nd quarter worth about $39,000. Finally, Legal & General Group Plc grew its position in Aris Water Solutions by 39.8% during the 2nd quarter. Legal & General Group Plc now owns 2,430 shares of the company's stock valued at $41,000 after purchasing an additional 692 shares during the last quarter. 39.71% of the stock is 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.