Aris Water Solutions (NYSE:ARIS) Price Target Raised to $26.00 at Wells Fargo & Company

Aris Water Solutions (NYSE:ARIS) had its price objective lifted by equities research analysts at Wells Fargo & Company from $21.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 4.17% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Evercore ISI boosted their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Stifel Nicolaus increased their price target on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group upped their target price on shares of Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Aris Water Solutions currently has an average rating of “Moderate Buy” and an average price target of $23.33.

Aris Water Solutions Trading Up 0.7 %

NYSE ARIS opened at $24.96 on Wednesday. The company has a market cap of $1.45 billion, a P/E ratio of 31.18 and a beta of 1.91. The company has a 50-day moving average of $21.92 and a 200-day moving average of $18.05. Aris Water Solutions has a 12 month low of $7.74 and a 12 month high of $27.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Insider Buying and Selling

In related news, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the sale, the director now directly owns 42,082 shares of the company’s stock, valued at $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aris Water Solutions

Several hedge funds have recently bought and sold shares of ARIS. Rhumbline Advisers raised its holdings in Aris Water Solutions by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after buying an additional 758 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions during the second quarter worth about $27,000. Kings Path Partners LLC lifted its stake in Aris Water Solutions by 2.6% in the 3rd quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock valued at $1,134,000 after acquiring an additional 1,735 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Aris Water Solutions during the 3rd quarter worth approximately $39,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Aris Water Solutions by 3.3% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 73,471 shares of the company’s stock worth $1,151,000 after buying an additional 2,328 shares during the last quarter. 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.