Aris Water Solutions (NYSE:ARIS) Price Target Raised to $29.00

Aris Water Solutions (NYSE:ARIS - Get Free Report) had its target price boosted by equities researchers at Wells Fargo & Company from $26.00 to $29.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 0.99% from the stock's previous close.

ARIS has been the subject of several other research reports. Stifel Nicolaus upped their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Evercore ISI cut Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their target price for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Citigroup restated a "neutral" rating and set a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut Aris Water Solutions from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $27.00.

Aris Water Solutions Stock Down 5.1 %

NYSE ARIS traded down $1.54 on Friday, hitting $28.72. 578,996 shares of the stock were exchanged, compared to its average volume of 927,766. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $26.96 and a 200-day moving average price of $22.33. The company has a market cap of $1.67 billion, a PE ratio of 35.89 and a beta of 1.94. Aris Water Solutions has a fifty-two week low of $11.32 and a fifty-two week high of $32.56.

Insider Transactions at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 38,739 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the sale, the insider now owns 3,111,738 shares in the company, valued at $77,886,802.14. This trade represents a 1.23 % 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. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The disclosure for this sale can be found here. Insiders sold 4,159,678 shares of company stock worth $106,807,774 over the last 90 days. 23.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aris Water Solutions

Several institutional investors have recently made changes to their positions in ARIS. Quarry LP acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $27,000. Larson Financial Group LLC purchased a new position in Aris Water Solutions in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Aris Water Solutions during the 4th quarter valued at approximately $33,000. Meeder Asset Management Inc. purchased a new stake in shares of Aris Water Solutions during the 3rd quarter worth approximately $39,000. Finally, New York State Teachers Retirement System grew its holdings in shares of Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock worth $41,000 after acquiring an additional 2,346 shares during the period. 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.