Barclays Issues Positive Forecast for Atlas Energy Solutions (NYSE:AESI) Stock Price

Atlas Energy Solutions (NYSE:AESIGet Free Report) had its target price lifted by analysts at Barclays from $19.00 to $23.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential downside of 8.10% from the company’s current price.

Several other equities research analysts also recently commented on the company. Raymond James downgraded Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Benchmark increased their price target on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America restated a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Citigroup cut shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Finally, Stephens lifted their price target on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Atlas Energy Solutions has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Check Out Our Latest Stock Analysis on Atlas Energy Solutions

Atlas Energy Solutions Stock Up 0.0 %

Shares of AESI stock opened at $25.03 on Thursday. The firm’s fifty day moving average price is $22.97 and its two-hundred day moving average price is $21.51. Atlas Energy Solutions has a 1 year low of $16.42 and a 1 year high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.76 billion, a P/E ratio of 31.68, a PEG ratio of 6.98 and a beta of 1.03.

Atlas Energy Solutions (NYSE:AESIGet Free Report) last released its earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.25). The company had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business’s revenue was up 93.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 EPS. On average, equities analysts predict that Atlas Energy Solutions will post 0.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Brian Anthony Leveille sold 5,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.17, for a total transaction of $115,850.00. Following the completion of the sale, the insider now directly owns 409,510 shares in the company, valued at approximately $9,488,346.70. This represents a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $21.12, for a total value of $181,019.52. Following the completion of the transaction, the insider now owns 926,175 shares in the company, valued at $19,560,816. The trade was a 0.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 144,642 shares of company stock worth $3,299,671 in the last quarter. 24.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP bought a new position in shares of Atlas Energy Solutions in the 2nd quarter valued at $280,000. Sei Investments Co. boosted its stake in Atlas Energy Solutions by 80.8% during the second quarter. Sei Investments Co. now owns 159,332 shares of the company’s stock worth $3,177,000 after acquiring an additional 71,226 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Atlas Energy Solutions by 168.7% in the second quarter. The Manufacturers Life Insurance Company now owns 40,677 shares of the company’s stock worth $811,000 after purchasing an additional 25,540 shares during the period. Cetera Investment Advisers grew its holdings in Atlas Energy Solutions by 1.0% in the second quarter. Cetera Investment Advisers now owns 88,654 shares of the company’s stock worth $1,767,000 after purchasing an additional 897 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Atlas Energy Solutions in the second quarter valued at $951,000. 34.59% of the stock is owned by institutional investors.

Atlas Energy Solutions Company Profile

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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.

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Analyst Recommendations for Atlas Energy Solutions (NYSE:AESI)

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