Aris Water Solutions saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 96.
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The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Aris Water Solutions has now climbed above a proper buy zone after breaking out from a consolidation.
The stock has an 87 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 87% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 3% earnings-per-share growth. Sales growth rose 17%, up from 14% in the prior quarter. That marks three consecutive reports with increasing revenue gains.
Aris Water Solutions earns the No. 1 rank among its peers in the Pollution-Control industry group. Waste Management and Casella Waste Sys Cl A are also among the group's highest-rated stocks.
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