The filing was jointly made by Delaware Energy and several related parties, including Gable S Corp, Eddy Lea Associates, Shaesby Scott, Forest Dorn, and Sherman A. Scott. The statement emphasized that each party disclaims beneficial ownership of the shares, except to the extent of their pecuniary interest. Based on InvestingPro's Fair Value analysis, ARIS is currently trading near its Fair Value, with strong momentum indicators showing a 73.7% price return over the past six months. Based on InvestingPro's Fair Value analysis, ARIS is currently trading near its Fair Value, with strong momentum indicators showing a 73.7% price return over the past six months.
The filing was jointly made by Delaware Energy and several related parties, including Gable S Corp, Eddy Lea Associates, Shaesby Scott, Forest Dorn, and Sherman A. Scott. The statement emphasized that each party disclaims beneficial ownership of the shares, except to the extent of their pecuniary interest. Based on InvestingPro's Fair Value analysis, ARIS is currently trading near its Fair Value, with strong momentum indicators showing a 73.7% price return over the past six months.
The filing was jointly made by Delaware Energy and several related parties, including Gable S Corp, Eddy Lea Associates, Shaesby Scott, Forest Dorn, and Sherman A. Scott. The statement emphasized that each party disclaims beneficial ownership of the shares, except to the extent of their pecuniary interest.
In other recent news, Aris Water Solutions has been making significant strides. Citi analysts recently downgraded the company's stock rating from Buy to Neutral, although the price target was increased to $26.00. This adjustment comes after Aris Water Solutions' impressive performance in the Midstream sector, with a 191% return over the past year. The company's robust gross profit margin of 59.6% and revenue growth of 13.5% in the last twelve months were noted as key factors in its success.
On the other hand, Stifel has raised Aris Water Solutions' target to $28, reflecting the company's ongoing growth and promising future prospects. This decision was influenced by a 13.5% revenue increase and a 21% increase in adjusted EBITDA, which reached $54.3 million.
In its third-quarter earnings call for 2024, Aris Water Solutions reported a 6% year-over-year growth in produced water volumes and raised its 2024 adjusted EBITDA guidance to between $208 and $212 million. The company also announced a fourth-quarter dividend of $0.105 per share. Despite potential regulatory impacts from new setback rules in New Mexico and halted share repurchase programs due to limited float, the company remains committed to improving operational efficiency.
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