Aris Water Solutions (NYSE:ARIS) Downgraded by US Capital Advisors to Moderate Buy

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

Several other equities analysts have also recently weighed in on ARIS. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price target for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. The Goldman Sachs Group raised their target price on shares of Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus upped their price target on shares of Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Evercore ISI lifted their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Aris Water Solutions Trading Down 1.4 %

Shares of Aris Water Solutions stock opened at $26.86 on Tuesday. Aris Water Solutions has a twelve month low of $7.22 and a twelve month high of $27.90. 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 business has a 50-day moving average price of $19.24 and a 200-day moving average price of $16.95. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 33.58 and a beta of 1.62.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the sale, the director now owns 42,082 shares in the company, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 22.46% of the company’s stock.

Institutional Trading of Aris Water Solutions

A number of large investors have recently made changes to their positions in ARIS. Rhumbline Advisers grew its stake in Aris Water Solutions by 1.7% in the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after purchasing an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions during the 2nd quarter worth $27,000. Kings Path Partners LLC increased its stake in shares of Aris Water Solutions by 2.6% during the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock valued at $1,134,000 after buying an additional 1,735 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Aris Water Solutions by 9.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock valued at $313,000 after acquiring an additional 1,902 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions in the third quarter worth about $39,000. 39.71% of the stock is 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.