Aris Water Solutions (NYSE:ARIS) Earns “Neutral” Rating from Citigroup

Aris Water Solutions (NYSE:ARIS)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They currently have a $26.00 price target on the stock, up from their previous price target of $18.00. Citigroup’s target price indicates a potential upside of 10.78% from the stock’s previous close.

Other analysts have also issued reports about the stock. The Goldman Sachs Group raised their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus upped their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Evercore ISI increased their target price on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.17.

Aris Water Solutions Trading Down 0.8 %

Aris Water Solutions stock opened at $23.47 on Wednesday. Aris Water Solutions has a 12 month low of $7.74 and a 12 month high of $27.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $24.68 and its two-hundred day simple moving average is $19.14. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 29.34 and a beta of 1.94.

Insider Transactions at Aris Water Solutions

In other news, insider S Corp Gable sold 331,181 shares of Aris Water Solutions stock in a transaction on Monday, January 6th. The shares were sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the transaction, the insider now owns 2,268,559 shares in the company, valued at $57,076,944.44. This trade represents a 12.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the sale, the director now directly owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 937,508 shares of company stock worth $23,642,936 in the last ninety days. Insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after buying an additional 25,790 shares in the last quarter. State Street Corp lifted its position in shares of Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after acquiring an additional 80,490 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Aris Water Solutions by 66.2% in the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after acquiring an additional 8,499 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Aris Water Solutions in the third quarter worth about $266,000. Finally, American Century Companies Inc. grew its position in shares of Aris Water Solutions by 140.3% during the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after purchasing an additional 284,788 shares in the last quarter. 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.