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

Aris Water Solutions (NYSE:ARIS) is expected to be announcing its earnings results 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. Investors interested in listening to the company’s conference call can do so using this link.

Aris Water Solutions Trading Up 1.6 %

Shares of NYSE ARIS opened at $28.14 on Wednesday. The company’s fifty day moving average is $26.33 and its 200-day moving average is $21.49. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 35.17 and a beta of 1.94. Aris Water Solutions has a twelve month low of $9.27 and a twelve month 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ARIS shares. Stifel Nicolaus lifted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Wells Fargo & Company boosted their price objective on shares of Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. 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. Finally, Citigroup reaffirmed a “neutral” rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions has an average rating of “Hold” and a consensus target price of $26.50.

Insiders Place Their Bets

In other Aris Water Solutions news, major shareholder S Corp Gable sold 38,739 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total transaction of $969,637.17. Following the sale, the insider now directly owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. The trade was a 1.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was 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. Insiders have sold 4,159,678 shares of company stock valued at $106,807,774 in the last three months. 23.06% of the stock is currently owned by corporate insiders.

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.