Is There More Upside Ahead For Aris Water Solutions Inc (NYSE: ARIS)

Aris Water Solutions Inc (ARIS) concluded trading on Thursday at a closing price of $14.15, with 0.48 million shares of worth about $6.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.21% during that period and on March 28, 2024 the price saw a gain of about 0.64%. Currently the company’s common shares owned by public are about 30.25M shares, out of which, 24.53M shares are available for trading.

Stock saw a price change of 3.74% in past 5 days and over the past one month there was a price change of 42.93%. Year-to-date (YTD), ARIS shares are showing a performance of 68.65% which increased to 78.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.69 but also hit the highest price of $14.25 during that period. The average intraday trading volume for Aris Water Solutions Inc shares is 272.95K. The stock is currently trading 9.52% above its 20-day simple moving average (SMA20), while that difference is up 35.08% for SMA50 and it goes to 44.82% higher than SMA200.

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Aris Water Solutions Inc (NYSE: ARIS) currently have 30.25M outstanding shares and institutions hold larger chunk of about 82.32% of that.

The stock has a current market capitalization of $428.04M and its 3Y-monthly beta is at 1.67. PE ratio of stock for trailing 12 months is 23.99, while it has posted earnings per share of $0.59 in the same period. It has Quick Ratio of 1.12 while making debt-to-equity ratio of 1.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARIS, volatility over the week remained 3.78% while standing at 4.88% over the month.

Analysts are in expectations that Aris Water Solutions Inc (ARIS) stock would likely to be making an EPS of $0.23 in the current quarter, while forecast for next quarter EPS is $0.24 and it is $1.23 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.19 which is $0.27 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 17.49% while it is estimated to increase by 24.16% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Seaport Research Partners on December 13, 2023 offering a Buy rating for the stock and assigned a target price of $15 to it. Coverage by Goldman stated Aris Water Solutions Inc (ARIS) stock as a Buy in their note to investors on October 06, 2023, suggesting a price target of $13 for the stock. On December 16, 2022, Wells Fargo Downgrade their recommendations, while on December 09, 2022, Citigroup Initiated their ratings for the stock with a price target of $20. Stock get an Outperform rating from Evercore ISI on July 14, 2022.

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