Seaport Global analyst Jeff Campbell maintains $Aris Water Solutions (ARIS.US)$ with a buy rating, and adjusts the target price from $19 to $23.
According to TipRanks data, the analyst has a success rate of 21.9% and a total average return of -33.6% 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 has demonstrated an improved operational outcome, with a positive impact on results, free cash flow, and enhanced capital allocation flexibility. The company's Q3 performance, which exceeded expectations and indicated an upward trend, is a testament to its successful cost management and investment prudence. Despite these achievements, the stock's significant outperformance when compared to the AMNA Index benchmark this year may potentially limit additional investor engagement.
Aris Water Solutions' recent Q3 results exceeded expectations, and the company has increased its 2024 EBITDA forecast. The strong performance supports the view that Aris is well-positioned to continue producing considerable free cash flow and delivering additional capital to its shareholders.
Aris Water Solutions reported a robust quarter, with third-quarter results and fourth-quarter guidance surpassing consensus expectations. Despite the positive performance and an enhanced growth outlook, a cautious stance is maintained as the significant uptick in share price post-quarter appears to reflect these improvements.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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