Aris Water Solutions (NYSE:ARIS – Get Rating) had its price objective lowered by equities research analysts at Citigroup from $20.00 to $13.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 51.16% from the company’s previous close.
A number of other brokerages have also commented on ARIS. Wells Fargo & Company lowered their price objective on Aris Water Solutions from $17.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 8th. Evercore ISI lowered their price target on Aris Water Solutions from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, March 8th. Barclays boosted their price objective on shares of Aris Water Solutions from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 18th. Finally, Raymond James lowered their target price on shares of Aris Water Solutions from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Aris Water Solutions has an average rating of “Moderate Buy” and a consensus target price of $16.29.
Aris Water Solutions Trading Up 1.0 %
Shares of NYSE:ARIS opened at $8.60 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $493.00 million, a PE ratio of 426.00 and a beta of 2.04. Aris Water Solutions has a 1 year low of $8.13 and a 1 year high of $23.58. The firm has a fifty day moving average price of $14.06 and a 200 day moving average price of $14.66.
Institutional Trading of Aris Water Solutions
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.
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