Aris Water Solutions (NYSE:ARIS) Given New $21.00 Price Target at The Goldman Sachs Group

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

ARIS has been the topic of several other reports. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $22.00 in a report on Wednesday. US Capital Advisors raised shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two equities research 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 has an average rating of “Moderate Buy” and an average price target of $18.50.

Aris Water Solutions Stock Performance

Shares of Aris Water Solutions stock opened at $22.22 on Wednesday. The firm has a fifty day moving average of $16.77 and a two-hundred day moving average of $15.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 27.78 and a beta of 1.62. Aris Water Solutions has a 52 week low of $7.22 and a 52 week high of $22.36.

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

Insider Buying and Selling at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 14,813 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the transaction, the chief operating officer now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 22.46% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of ARIS. Rhumbline Advisers lifted its position in shares of Aris Water Solutions by 1.7% in the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after buying an additional 758 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions during the 2nd quarter valued at $27,000. Kings Path Partners LLC boosted its position in Aris Water Solutions by 2.6% during the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock worth $1,134,000 after purchasing an additional 1,735 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Aris Water Solutions by 9.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock valued at $313,000 after purchasing an additional 1,902 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Aris Water Solutions in the third quarter valued at $39,000. Institutional investors own 39.71% of the company’s stock.

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.