Aris Water Solutions (NYSE:ARIS) Stock Rating Lowered by StockNews.com

Aris Water Solutions (NYSE:ARIS) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other equities research analysts also recently issued reports on ARIS. Citigroup reiterated a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Stifel Nicolaus increased their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group upped their target price on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company increased their target price on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.00.

Aris Water Solutions Stock Up 9.8 %

Shares of ARIS opened at $26.98 on Thursday. Aris Water Solutions has a fifty-two week low of $12.44 and a fifty-two week high of $33.95. The company’s fifty day moving average is $28.77 and its two-hundred day moving average is $24.89. The firm has a market cap of $1.58 billion, a PE ratio of 33.73 and a beta of 1.81. 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 Transactions at Aris Water Solutions

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 32,305 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total value of $973,995.75. Following the transaction, the chief operating officer now owns 85,656 shares of the company’s stock, valued at approximately $2,582,528.40. This represents a 27.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,070,604 shares of company stock valued at $29,817,145. Company insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock worth $6,783,000 after purchasing an additional 216,158 shares in the last quarter. Barclays PLC raised its position in Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after acquiring an additional 25,790 shares in the last quarter. State Street Corp lifted its stake in Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after acquiring an additional 80,490 shares during the last quarter. HighTower Advisors LLC lifted its stake in Aris Water Solutions by 66.2% in the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after acquiring an additional 8,499 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in Aris Water Solutions in the third quarter worth approximately $266,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.