Aris Water Solutions (ARIS) Expected to Announce 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 participating in the company’s conference call can do so using this link.

Aris Water Solutions Trading Down 0.3 %

Shares of NYSE:ARIS opened at $26.54 on Tuesday. The company has a market cap of $1.55 billion, a P/E ratio of 33.18 and a beta of 1.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions has a 1 year low of $9.50 and a 1 year high of $30.40. The stock’s fifty day moving average price is $26.48 and its 200-day moving average price is $21.86.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ARIS shares. Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price target for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price target for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Wells Fargo & Company increased their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Citigroup reissued a “neutral” rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, Stifel Nicolaus increased their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.50.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $25.81, for a total value of $83,202,922.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the sale, the insider now owns 3,111,738 shares of the company’s stock, valued at approximately $77,886,802.14. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,159,678 shares of company stock valued at $106,807,774. 23.06% of the stock is owned by company insiders.

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.