In Friday’s Wall Street session, Aris Water Solutions Inc (NYSE:ARIS) shares traded at $27.69, up 2.21% from the previous session.
ARIS stock price is now 5.31% away from the 50-day moving average and 42.78% away from the 200-day moving average. The market capitalization of the company currently stands at $849.53M.
With the price target enhanced from $25 to $27, Evercore ISI Downgraded its rating from Outperform to In-line for Aris Water Solutions Inc (NYSE: ARIS). On January 08, 2025, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $18 to quote $26, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Delaware Energy LLC, 10% Owner sold 3,223,670 shares of the company’s stock on Dec 13 ’24. The stock was sold for $83,202,923 at an average price of $25.81. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, Over 5% but less than 10% own Gable S Corp sold 331,181 shares of the business’s stock. A total of $8,332,514 was realized by selling the stock at an average price of $25.16. This leaves the insider owning 2,268,559 shares of the company worth $62.82 million. A total of 13.03% of the company’s stock is owned by insiders.
During the past 12 months, Aris Water Solutions Inc has had a low of $8.67 and a high of $30.40. As of last week, the company has a debt-to-equity ratio of 1.37, a current ratio of 1.72, and a quick ratio of 1.72. According to the stock market information, the enterprise value for the company is $1669896704, which is based on a 34.32 price-to-earnings ratio, a 1.46 price-to-earnings-growth ratio, and a beta of 1.94. The fifty day moving average price for ARIS is $26.2934 and a two-hundred day moving average price translates $19.39295 for the stock.
The latest earnings results from Aris Water Solutions Inc (NYSE: ARIS) was released for 2024-09-30. The net profit margin was 5.85% and return on equity was 7.82% for ARIS. The company reported revenue of $112.31 million for the quarter, compared to $99.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.55 percent.
