Stifel raised the firm’s price target on Aris Water Solutions (ARIS) to $28 from $26 and keeps a Buy rating on the shares, citing growth in the Permian, continued growth in volumes and Aris being in “a strong position to return additional capital” to shareholders. The analyst, who is not changing estimates, but is increasing the firm’s target multiple, does “not expect a stock repurchase program given the limited float,” adding that the firm expects higher dividends in 2025.
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Read More on ARIS:
- Aris Water Solutions price target raised to $23 from $19 at Seaport Research
- Aris Water Solutions price target raised to $26 from $20 at Stifel
- Aris Water Solutions price target raised to $21 from $17 at Wells Fargo
- Aris Water Solutions Reports Strong Q3 Results and Positive Outlook
- Aris Water Solutions downgraded to Neutral from Overweight at JPMorgan