Atlas Energy Solutions Inc. (NYSE:AESI) Receives $17.39 Consensus Target Price from Brokerages

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been assigned an average rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.7222.

A number of research firms have recently issued reports on AESI. Barclays restated an “underweight” rating and issued a $7.00 price target (down from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Stifel Nicolaus dropped their target price on Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Citigroup reduced their price target on shares of Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Piper Sandler lowered their price objective on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Atlas Energy Solutions in a research report on Thursday, November 13th.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new stake in Atlas Energy Solutions during the second quarter valued at about $25,000. Larson Financial Group LLC lifted its position in shares of Atlas Energy Solutions by 201.8% during the 1st quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock valued at $35,000 after buying an additional 1,316 shares in the last quarter. CWM LLC lifted its position in shares of Atlas Energy Solutions by 244.4% during the 2nd quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $30,000 after buying an additional 1,586 shares in the last quarter. Quarry LP bought a new position in shares of Atlas Energy Solutions during the 3rd quarter valued at approximately $26,000. Finally, Nisa Investment Advisors LLC increased its holdings in Atlas Energy Solutions by 233.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,668 shares of the company’s stock worth $36,000 after acquiring an additional 1,868 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Trading Up 5.9%

Shares of AESI stock opened at $9.05 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. Atlas Energy Solutions has a 12-month low of $8.18 and a 12-month high of $26.86. The stock has a market capitalization of $1.12 billion, a P/E ratio of -100.58 and a beta of 1.17. The firm’s 50 day moving average is $10.88 and its 200 day moving average is $12.18.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.