Aris Water Solutions (NYSE:ARIS) Rating Lowered to “Hold” at US Capital Advisors

Aris Water Solutions (NYSE:ARIS) was downgraded by equities researchers at US Capital Advisors from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other brokerages have also commented on ARIS. Wall Street Zen lowered Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Citigroup reissued a “neutral” rating on shares of Aris Water Solutions in a report on Monday, May 12th. JPMorgan Chase & Co. assumed coverage on Aris Water Solutions in a report on Tuesday, July 29th. They set a “neutral” rating and a $25.00 target price on the stock. Wells Fargo & Company set a $27.00 target price on Aris Water Solutions in a report on Tuesday. Finally, The Goldman Sachs Group lowered their target price on Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Aris Water Solutions presently has a consensus rating of “Hold” and an average price target of $26.50.

Aris Water Solutions Price Performance

Shares of ARIS opened at $23.7470 on Thursday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.61 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. Aris Water Solutions has a one year low of $14.46 and a one year high of $33.95. The stock’s fifty day moving average is $23.08 and its 200-day moving average is $25.36.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The business had revenue of $124.09 million for the quarter, compared to analyst estimates of $120.68 million. Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. Equities analysts anticipate that Aris Water Solutions will post 0.91 EPS for the current year.

Hedge Funds Weigh In On Aris Water Solutions

A number of institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in Aris Water Solutions during the 4th quarter worth about $27,000. Comerica Bank boosted its position in Aris Water Solutions by 64.4% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $41,000 after acquiring an additional 495 shares during the period. AlphaQuest LLC boosted its position in Aris Water Solutions by 7,114.3% during the 2nd quarter. AlphaQuest LLC now owns 1,515 shares of the company’s stock worth $36,000 after acquiring an additional 1,494 shares during the period. Harbour Investments Inc. boosted its position in Aris Water Solutions by 478.2% during the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company’s stock worth $49,000 after acquiring an additional 1,272 shares during the period. Finally, CWM LLC boosted its position in Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company’s stock worth $62,000 after acquiring an additional 1,444 shares during the period. Hedge funds and other 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.