Aris Water Solutions saw its IBD SmartSelect Composite Rating jump to 97 Thursday, up from 94 the day before.
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The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Aris Water Solutions is currently extended beyond a proper buy zone after breaking out from a consolidation.
The stock has a 95 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted 12% earnings growth. Top line growth increased 14%, up from 13% in the prior quarter. The company has now posted accelerating growth in each of the last two quarters. The company's next quarterly report is expected on or around May. 6.
Aris Water Solutions earns the No. 1 rank among its peers in the Pollution-Control industry group. GFL Environmental and Republic Services are also among the group's highest-rated stocks.
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