The Goldman Sachs Group Boosts Aris Water Solutions (NYSE:ARIS) Price Target to $21.00

Aris Water Solutions (NYSE:ARIS) had its price target boosted by analysts at The Goldman Sachs Group from $18.50 to $21.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential downside of 5.49% from the stock’s previous close.

ARIS has been the subject of a number of other reports. US Capital Advisors raised Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $19.00 to $22.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.50.

Aris Water Solutions Trading Up 0.2 %

Shares of NYSE ARIS opened at $22.22 on Wednesday. Aris Water Solutions has a 12-month low of $7.22 and a 12-month high of $22.36. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 27.78 and a beta of 1.62. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $16.77 and its 200 day simple moving average is $15.98.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.78%. The company had revenue of $101.12 million during the quarter, compared to the consensus estimate of $97.86 million. Equities research analysts expect that Aris Water Solutions will post 0.88 EPS for the current year.

Insider Activity at Aris Water Solutions

In other news, COO Brunt David Dylan Van sold 14,813 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $14.84, for a total transaction of $219,824.92. Following the completion of the sale, the chief operating officer now owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 22.46% of the stock is currently owned by insiders.

Institutional Trading of Aris Water Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in ARIS. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions during the 2nd quarter worth about $27,000. Meeder Asset Management Inc. acquired a new position in shares of Aris Water Solutions during the third quarter worth approximately $39,000. New York State Teachers Retirement System grew its stake in shares of Aris Water Solutions by 2,346.0% during the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after purchasing an additional 2,346 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Aris Water Solutions in the second quarter valued at approximately $46,000. Finally, Point72 Asset Management L.P. bought a new position in Aris Water Solutions in the 2nd quarter worth approximately $82,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.