Stock Track | Aris Water Solutions Soars on Earnings Beat, Analyst Optimism

Stock Track11-06

Shares of Aris Water Solutions, Inc. (ARIS) skyrocketed by 32.85% on November 5th, 2024, following the company's impressive third-quarter earnings results and positive analyst actions. The water management solutions provider reported adjusted earnings per share of $0.34 for the September quarter, surpassing analysts' expectations of $0.30. Revenue climbed 12.5% year-over-year to $112.31 million, also topping estimates of $103.39 million.

The strong financial performance provided a significant boost to ARIS's stock price, as investors reacted positively to the company's robust growth and operational capabilities. Aris Water Solutions' solid earnings were driven by its ongoing expansion efforts and increased demand for its services.

Adding to the bullish sentiment, Evercore ISI raised its price target on ARIS to $25 from $20 while maintaining an Outperform rating. The firm's optimism regarding ARIS's prospects further fueled the stock's rally. However, JP Morgan downgraded ARIS to Neutral from Overweight, although they raised their price target to $22 from $19, reflecting mixed analyst views on the company's future trajectory.

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(ARIS) skyrocketed by 32.85% on November 5th, 2024, following the company's impressive third-quarter earnings results and positive analyst actions. The water ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARIS","symbol_name":"Aris Water Solutions, Inc.","start_time":0,"source_url":"","article_id":"1101907651","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101907651","pubTimestamp":1730876911,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Aris Water Solutions, Inc.  skyrocketed by 32.85% on November 5th, 2024, following the company's impressive third-quarter earnings results and positive analyst actions. 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