Wells Fargo analyst Praneeth Satish maintains $Aris Water Solutions (ARIS.US)$ with a hold rating, and adjusts the target price from $17 to $21.
According to TipRanks data, the analyst has a success rate of 63.0% and a total average return of 8.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Aris Water Solutions (ARIS.US)$'s main analysts recently are as follows:
Aris Water Solutions' robust Q3 results were underlined by strategic reductions in structural operating expenses and prudent capital expenditure management. These initiatives have bolstered the company's free cash flow and expanded its capital allocation flexibility. The commendable performance in the third quarter, which exceeded expectations and forecasts, reflects the company's positive trajectory. Nonetheless, the stock's significant year-to-date returns, which have greatly surpassed the AMNA Index benchmark, might limit further investor engagement.
Aris Water Solutions' Q3 results surpassed expectations, prompting a more optimistic view of its 2024 EBITDA. The company is seen to remain in a robust position to generate considerable free cash flow and to continue its practice of returning additional capital to its shareholders.
Aris Water Solutions delivered a robust quarter with Q3 results and Q4 projections surpassing the consensus. While acknowledging the company's improved growth outlook reflected in its significant post-quarter share price advancement, the stance remains neutral.
Note:
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