In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Buy rating on Aris Water Solutions (ARIS – Research Report), with a price target of $17.50. The company’s shares closed yesterday at $17.05.
According to TipRanks, Tonet is a 4-star analyst with an average return of 5.3% and a 55.88% success rate. Tonet covers the Energy sector, focusing on stocks such as Targa Resources, Oneok, and TC Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aris Water Solutions with a $16.36 average price target, a -4.05% downside from current levels. In a report released on April 29, US Capital Advisors also maintained a Buy rating on the stock with a $17.00 price target.
The company has a one-year high of $17.27 and a one-year low of $7.16. Currently, Aris Water Solutions has an average volume of 360K.
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Aris Water Solutions (ARIS) Company Description:
Aris Water Solutions Inc is an environmental infrastructure and solutions company that helps customers reduce their water and carbon footprints. It has two primary revenue streams. The Produced Water Handling business gathers, transports, and, unless recycled, handles produced water generated from oil and natural gas production. The Water Solutions business develops and operates recycling facilities to treat, store and recycle produced water.
Read More on ARIS:
- Aris Water Solutions sees Q2 adjusted EBITDA $44M-$48M
- Aris Water Solutions board increases quarterly dividend 17% to 10.5c per share
- Aris Water Solutions reports Q1 EPS 23c, consensus 23c
- Aris Water Solutions downgraded to Overweight from Buy at US Capital Advisors
- Aris Water Solutions management to meet virtually with Seaport Research
