#7 - Aris Water Solutions (NYSE:ARIS)
Another small-cap company worth looking at as a boring stock is Aris Water Solutions, Inc. (NYSE: ARIS). The company provides water handling and recycling solutions for oil and gas operators in the Permian Basin.
On February 28, 2023, Aris announced that Exxon Mobil Corporation (NYSE: XOM) joined the company’s existing strategic agreement with ConocoPhillips (NYSE: COP) and Chevron Corporation (NYSE: CVX) to find solutions for the beneficial reuse on produced water.
Specifically, the initiative will help the companies “develop cost-effective and scalable solutions of treating produced water for non-consumptive agricultural, alternative power generation and other industrial and commercial applications.”
The stock has a Moderate Buy rating from the analysts tracked by MarketBeat with a 44% upside from its current price. In the next five years, analysts expect the company to grow earnings per share (EPS) at an annual rate of over 68%.
ARIS stock has a P/E ratio of just over 10x earnings and has debt-to-equity ratio of just 0.59%.
About Aris Water Solutions
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.
Read More - Current Price
- $26.99
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $18.50 (31.5% Downside)
For passive investors, the thought of switching around your portfolio may be a bit unsettling. After all, many buy-and-hold investors believe in Warren Buffett who says the best length of time to hold a stock is forever.
That's good advice. And if your portfolio is delivering returns that are keeping you on track to reach your goals, then staying the course may be the right move.
But if you're looking to maximize your potential growth without taking on too much additional risk, it may be time to add some new names to your portfolio. These may get you the little bit of growth you need to keep your portfolio in the green until we get to the next bull market.
The stocks listed here are by no means an exhaustive list. And if you're a subscriber to MarketBeat All-Access you have access to a variety of free research tools such as our stock screeners. This lets you search for stocks based on the criteria that fit your portfolio the best.
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