Aris Water Solutions (NYSE:ARIS) Sees Unusually-High Trading Volume

Aris Water Solutions, Inc. (NYSE:ARIS) shares saw strong trading volume on Friday . 218,831 shares changed hands during trading, a decline of 34% from the previous session’s volume of 330,599 shares.The stock last traded at $15.62 and had previously closed at $16.85.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Citigroup increased their price target on Aris Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Stifel Nicolaus upped their price target on Aris Water Solutions from $17.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 9th. The Goldman Sachs Group lifted their price objective on Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, Evercore ISI upped their target price on Aris Water Solutions from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.93.

Aris Water Solutions Trading Down 9.6 %

The stock has a market capitalization of $884.71 million, a P/E ratio of 21.43 and a beta of 1.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50 day simple moving average is $15.52 and its 200-day simple moving average is $13.46.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $103.41 million for the quarter, compared to analysts’ expectations of $97.43 million. Aris Water Solutions had a net margin of 5.73% and a return on equity of 4.62%. As a group, analysts forecast that Aris Water Solutions, Inc. will post 0.88 EPS for the current year.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, CEO Amanda M. Brock sold 62,054 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $16.43, for a total value of $1,019,547.22. Following the completion of the transaction, the chief executive officer now directly owns 487,909 shares in the company, valued at $8,016,344.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Amanda M. Brock sold 62,054 shares of Aris Water Solutions stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $16.43, for a total value of $1,019,547.22. Following the completion of the transaction, the chief executive officer now owns 487,909 shares of the company’s stock, valued at approximately $8,016,344.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Amanda M. Brock sold 107,946 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $16.65, for a total transaction of $1,797,300.90. Following the completion of the sale, the chief executive officer now owns 549,963 shares of the company’s stock, valued at $9,156,883.95. The disclosure for this sale can be found here. Company insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. 1620 Investment Advisors Inc. acquired a new stake in shares of Aris Water Solutions during the second quarter valued at about $46,000. Tower Research Capital LLC TRC raised its position in shares of Aris Water Solutions by 221.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the company’s stock worth $55,000 after acquiring an additional 4,503 shares during the last quarter. Saxon Interests Inc. bought a new stake in shares of Aris Water Solutions in the 1st quarter valued at $142,000. Oxford Asset Management LLP acquired a new stake in shares of Aris Water Solutions during the fourth quarter worth $86,000. Finally, Quadrature Capital Ltd bought a new position in Aris Water Solutions during the first quarter worth $166,000. 39.71% of the stock is currently owned by institutional investors.

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.