Aris Water Solutions (ARIS) to Release Quarterly Earnings on Wednesday

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

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $26.54 on Tuesday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 33.18 and a beta of 1.94. The stock has a fifty day moving average of $26.48 and a 200 day moving average of $21.86. Aris Water Solutions has a 52 week low of $9.50 and a 52 week high of $30.40. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Insider Buying and Selling at Aris Water Solutions

In other news, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider S Corp Gable sold 31,410 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $25.04, for a total transaction of $786,506.40. Following the sale, the insider now directly owns 2,599,740 shares of the company’s stock, valued at $65,097,489.60. This trade represents a 1.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,159,678 shares of company stock worth $106,807,774. 23.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.