Aris Water Solutions initiated with bullish view at Seaport Research, here’s why

Seaport Research initiated coverage of Aris Water Solutions (ARIS) with a Buy rating and $15 price target. Aris should be receiving rising production water volumes from anchor tenants such as ConocoPhillips (COP), Chevron (CVX) and top Permian private operator Mewbourne Oil, says the analyst, who sees this driving “steady increases” in revenues, EBITDA, and earnings over the firm’s forecast period.