50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Aris water solutions sees $969,637 stock sale by Gable S Corp

Published 21/12/2024, 02:44
Aris water solutions sees $969,637 stock sale by Gable S Corp
ARIS
-

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.