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

Atlas Energy Solutions (NYSE:AESI) had its price target upped by Stephens from $28.00 to $29.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently issued reports on the company. Pickering Energy Partners cut Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Bank of America reiterated a “neutral” rating and set a $22.50 price target on shares of Atlas Energy Solutions in a report on Monday, January 13th. The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price target for the company. Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $23.00 to $19.00 in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada boosted their target price on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.94.

Atlas Energy Solutions Stock Performance

AESI stock opened at $24.98 on Tuesday. The firm has a 50 day simple moving average of $22.90 and a 200 day simple moving average of $21.48. Atlas Energy Solutions has a 52 week low of $16.42 and a 52 week high of $26.86. The stock has a market cap of $2.75 billion, a P/E ratio of 31.62, a P/E/G ratio of 6.98 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI) last issued its earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $304.40 million for the quarter, compared to analyst estimates of $307.93 million. During the same period last year, the business earned $0.51 EPS. The company’s quarterly revenue was up 93.1% on a year-over-year basis. Research analysts anticipate that Atlas Energy Solutions will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Brian Anthony Leveille sold 30,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.02, for a total transaction of $720,600.00. Following the transaction, the insider now owns 432,010 shares of the company’s stock, valued at approximately $10,376,880.20. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Gregory M. Shepard acquired 13,363 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $19.19 per share, with a total value of $256,435.97. Following the transaction, the insider now directly owns 7,619,055 shares of the company’s stock, valued at $146,209,665.45. The trade was a 0.18 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 132,142 shares of company stock valued at $2,993,921. Company insiders own 24.34% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AESI. Amalgamated Bank boosted its stake in Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after buying an additional 1,801 shares in the last quarter. Quest Partners LLC bought a new position in Atlas Energy Solutions in the 3rd quarter worth approximately $48,000. FMR LLC lifted its position in Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after purchasing an additional 1,355 shares during the period. CWM LLC raised its position in shares of Atlas Energy Solutions by 47.1% during the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after acquiring an additional 886 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Atlas Energy Solutions by 55.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock worth $125,000 after buying an additional 2,043 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

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.