The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission, detailing that the shares were sold in multiple transactions with prices ranging from $25.00 to $25.11. The filing also highlighted that Scott Sherman A, the President and sole owner of Gable S Corp, may be deemed to beneficially own the securities owned by Gable. Both parties, however, disclaim beneficial ownership except to the extent of their pecuniary interest in the shares. InvestingPro analysis reveals that four analysts have recently revised their earnings upwards for the upcoming period, suggesting positive momentum. Subscribers can access the comprehensive Pro Research Report for deeper insights into ARIS's valuation and growth prospects. InvestingPro analysis reveals that four analysts have recently revised their earnings upwards for the upcoming period, suggesting positive momentum. Subscribers can access the comprehensive Pro Research Report for deeper insights into ARIS's valuation and growth prospects.
The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission, detailing that the shares were sold in multiple transactions with prices ranging from $25.00 to $25.11. The filing also highlighted that Scott Sherman A, the President and sole owner of Gable S Corp, may be deemed to beneficially own the securities owned by Gable. Both parties, however, disclaim beneficial ownership except to the extent of their pecuniary interest in the shares.
In other recent news, Aris Water Solutions has demonstrated strong financial performance with notable growth in its third-quarter earnings for 2024. This growth was driven by a 6% year-over-year increase in produced water volumes and a 21% rise in adjusted EBITDA, which reached $54.3 million. Consequently, Aris has raised its 2024 adjusted EBITDA guidance to between $208 and $212 million, reflecting a positive outlook.
In addition, Stifel has raised Aris Water Solutions' target to $28, citing the company's continued growth, including a 13.5% revenue increase, and its advantageous position for rewarding shareholders. The decision was also influenced by an adjustment in the target multiple, up to 9.0x from the previous 8.5x, indicating a positive outlook on the company's valuation.
Moreover, Aris Water Solutions announced a fourth-quarter dividend of $0.105 per share and projects mid-single-digit growth in produced water volumes for 2025, driven by customer activity. The company is also actively exploring cost reduction opportunities and potential mineral extraction projects. However, Aris' share repurchase programs are currently on hold due to limited float, and potential regulatory impacts from new setback rules in New Mexico are being monitored. Despite these challenges, recent developments suggest Aris Water Solutions remains committed to growth and operational efficiency.
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