Aris Water Solutions (NYSE:ARIS) Given New $23.00 Price Target at Wells Fargo & Company

Aris Water Solutions (NYSE:ARIS) had its price target decreased by research analysts at Wells Fargo & Company from $29.00 to $23.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 5.55% from the stock’s previous close.

Other analysts have also recently issued reports about the company. StockNews.com raised Aris Water Solutions from a “sell” rating to a “hold” rating in a research note on Monday, May 5th. Citigroup reiterated a “neutral” rating and issued a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, Evercore ISI cut shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.00.

Aris Water Solutions Trading Up 4.7 %

ARIS opened at $21.79 on Thursday. The firm has a 50 day simple moving average of $27.38 and a 200 day simple moving average of $26.01. Aris Water Solutions has a fifty-two week low of $13.34 and a fifty-two week high of $33.95. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 27.24 and a beta of 1.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. The company had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. On average, sell-side analysts anticipate that Aris Water Solutions will post 0.91 earnings per share for the current year.

Insider Transactions at Aris Water Solutions

In related news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas A. Patterson sold 8,299 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the sale, the insider now directly owns 58,228 shares in the company, valued at $1,781,776.80. This trade represents a 12.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,070,604 shares of company stock valued at $29,817,145 over the last three months. Company insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Aris Water Solutions in the 4th quarter valued at approximately $29,663,000. Whittier Trust Co. lifted its stake in Aris Water Solutions by 70,079.1% in the fourth quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock valued at $8,370,000 after acquiring an additional 348,994 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of Aris Water Solutions by 2,146.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 310,933 shares of the company’s stock valued at $9,962,000 after acquiring an additional 297,089 shares during the period. NBW Capital LLC increased its stake in shares of Aris Water Solutions by 1,191.8% during the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock worth $6,307,000 after purchasing an additional 242,939 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Aris Water Solutions in the 4th quarter valued at about $5,717,000. 39.71% of the stock is currently owned by 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.