Wells Fargo & Company Forecasts Strong Price Appreciation for Aris Water Solutions (NYSE:ARIS) Stock

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Aris Water Solutions (NYSE:ARIS - Get Free Report) had its price objective increased by research analysts at Wells Fargo & Company from $23.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target would indicate a potential upside of 5.48% from the company's current price.

ARIS has been the subject of a number of other reports. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Capital One Financial lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. started coverage on Aris Water Solutions in a report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price target on the stock. Evercore ISI set a $25.00 price target on Aris Water Solutions and gave the stock an "in-line" rating in a research report on Monday. Finally, The Goldman Sachs Group decreased their price target on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $26.50.

Aris Water Solutions Stock Down 1.0%

NYSE:ARIS opened at $23.70 on Tuesday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 28.56 and a beta of 1.67. Aris Water Solutions has a twelve month low of $14.46 and a twelve month 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 fifty day simple moving average of $23.16 and a 200-day simple moving average of $25.40.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The company had revenue of $124.09 million for the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. Analysts anticipate that Aris Water Solutions will post 0.91 EPS for the current year.

Hedge Funds Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in shares of Aris Water Solutions by 28.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 18,529 shares of the company's stock valued at $444,000 after acquiring an additional 4,086 shares during the period. Invesco Ltd. increased its holdings in shares of Aris Water Solutions by 76.9% in the fourth quarter. Invesco Ltd. now owns 365,685 shares of the company's stock valued at $8,758,000 after purchasing an additional 159,024 shares during the period. Legal & General Group Plc raised its stake in shares of Aris Water Solutions by 38.1% in the fourth quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock worth $138,000 after purchasing an additional 1,594 shares during the last quarter. Barclays PLC lifted its holdings in shares of Aris Water Solutions by 16.1% during the fourth quarter. Barclays PLC now owns 40,742 shares of the company's stock worth $975,000 after purchasing an additional 5,640 shares during the period. Finally, Jump Financial LLC purchased a new stake in Aris Water Solutions in the fourth quarter valued at approximately $323,000. 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.

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