Wells Fargo & Company Forecasts Strong Price Appreciation for Aris Water Solutions (NYSE:ARIS) Stock

Aris Water Solutions (NYSE:ARIS) had its target price raised by research analysts at Wells Fargo & Company from $21.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 8.74% from the company’s current price.

Several other analysts also recently commented on ARIS. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Evercore ISI boosted their price target on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.83.

Aris Water Solutions Stock Up 2.5 %

Shares of Aris Water Solutions stock opened at $23.91 on Wednesday. The company has a market capitalization of $1.39 billion, a P/E ratio of 29.89 and a beta of 1.91. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The business has a 50-day moving average of $22.18 and a two-hundred day moving average of $18.13. Aris Water Solutions has a 1 year low of $7.74 and a 1 year high of $27.94.

Insider Activity

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the transaction, the director now owns 42,082 shares of the company’s stock, valued at $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder S Corp Gable sold 57,731 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 3,165,939 shares in the company, valued at $80,889,741.45. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. 22.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ARIS. Principal Financial Group Inc. acquired a new stake in shares of Aris Water Solutions during the 3rd quarter worth about $514,000. Lord Abbett & CO. LLC raised its holdings in Aris Water Solutions by 4.0% in the 3rd 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 during the period. Franklin Resources Inc. acquired a new stake in Aris Water Solutions during the third quarter worth approximately $266,000. Tidal Investments LLC bought a new stake in shares of Aris Water Solutions during the third quarter worth approximately $252,000. Finally, Barclays PLC boosted its holdings in shares of Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after acquiring an additional 25,790 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.

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.