Aris Water Solutions (NYSE:ARIS) Price Target Lowered to $15.00 at The Goldman Sachs Group

Aris Water Solutions (NYSE:ARIS – Get Rating) had its target price cut by analysts at The Goldman Sachs Group from $21.00 to $15.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 74.42% from the stock’s previous close.

ARIS has been the topic of a number of other reports. Wells Fargo & Company decreased 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 dropped their price objective on Aris Water Solutions from $24.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, March 8th. Citigroup reduced their price target on Aris Water Solutions from $20.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays boosted their price objective on shares of Aris Water Solutions from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, January 18th. Finally, Raymond James lowered their price target on Aris Water Solutions from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Aris Water Solutions presently has an average rating of “Moderate Buy” and an average target price of $16.29.

Aris Water Solutions Stock Performance

ARIS opened at $8.60 on Wednesday. Aris Water Solutions has a 52-week low of $8.13 and a 52-week high of $23.58. The company has a market cap of $493.00 million, a PE ratio of 426.00 and a beta of 2.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50-day moving average of $14.06 and a 200-day moving average of $14.66.

Institutional Investors Weigh In On Aris Water Solutions

Several institutional investors have recently added to or reduced their stakes in ARIS. American International Group Inc. grew its position in Aris Water Solutions by 6.7% during the 2nd quarter. American International Group Inc. now owns 10,306 shares of the company’s stock worth $172,000 after acquiring an additional 644 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Aris Water Solutions by 39.8% in the second quarter. Legal & General Group Plc now owns 2,430 shares of the company’s stock worth $41,000 after acquiring an additional 692 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Aris Water Solutions by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 60,580 shares of the company’s stock valued at $873,000 after purchasing an additional 1,191 shares in the last quarter. Truist Financial Corp lifted its position in Aris Water Solutions by 9.7% in the 4th quarter. Truist Financial Corp now owns 15,581 shares of the company’s stock valued at $225,000 after acquiring an additional 1,382 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Aris Water Solutions by 6.7% during the fourth quarter. Sei Investments Co. now owns 22,537 shares of the company’s stock valued at $325,000 after purchasing an additional 1,420 shares in the last quarter. 39.50% of the stock is owned by hedge funds and other institutional investors.

About Aris Water Solutions

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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.