The Goldman Sachs Group Forecasts Strong Price Appreciation for Aris Water Solutions (NYSE:ARIS) Stock

Aris Water Solutions (NYSE:ARIS) had its price target increased by The Goldman Sachs Group from $21.00 to $30.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on the company. Stifel Nicolaus lifted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their target price for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Evercore ISI lifted their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.83.

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $23.91 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions has a 1 year low of $7.74 and a 1 year high of $27.94. The stock’s 50-day moving average is $22.18 and its two-hundred day moving average is $18.13. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 29.89 and a beta of 1.91.

Aris Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.76%. Aris Water Solutions’s payout ratio is 52.50%.

Insider Activity at Aris Water Solutions

In other news, major shareholder S Corp Gable sold 57,731 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $25.55, for a total value of $1,475,027.05. Following the sale, the insider now directly owns 3,165,939 shares in the company, valued at $80,889,741.45. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Debra Coy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the sale, the director now owns 42,082 shares in the company, valued at $1,068,461.98. The trade was a 3.44 % decrease in their position. The disclosure for this sale can be found here. 22.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. acquired a new stake in Aris Water Solutions in the 3rd quarter worth about $514,000. Lord Abbett & CO. LLC raised its stake in shares of Aris Water Solutions by 4.0% in the third quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company’s stock valued at $5,940,000 after acquiring an additional 13,676 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Aris Water Solutions during the 3rd quarter worth $266,000. Tidal Investments LLC acquired a new position in shares of Aris Water Solutions during the 3rd quarter worth about $252,000. Finally, Barclays PLC raised its holdings in shares of Aris Water Solutions by 277.0% in the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after buying an additional 25,790 shares during the last quarter. 39.71% of the stock is currently 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.