Aris Water Solutions (ARIS) Projected to Post Quarterly Earnings on Wednesday

Aris Water Solutions (NYSE:ARIS) will likely be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Aris Water Solutions to post earnings of $0.27 per share and revenue of $109.92 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Aris Water Solutions Stock Up 1.6 %

Shares of ARIS opened at $28.14 on Wednesday. Aris Water Solutions has a 52 week low of $9.27 and a 52 week high of $30.40. The firm has a market cap of $1.64 billion, a P/E ratio of 35.17 and a beta of 1.94. The firm’s 50-day simple moving average is $26.33 and its 200 day simple moving average is $21.49. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARIS. Citigroup restated a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company increased their target price on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.50.

Insider Transactions at Aris Water Solutions

In related news, insider S Corp Gable sold 331,181 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.16, for a total value of $8,332,513.96. Following the completion of the transaction, the insider now owns 2,268,559 shares of the company’s stock, valued at $57,076,944.44. This represents a 12.74 % decrease in their position. 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 the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,159,678 shares of company stock valued at $106,807,774. Company insiders own 23.06% 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.