Stephens Raises Atlas Energy Solutions (NYSE:AESI) Price Target to $29.00

Atlas Energy Solutions (NYSE:AESI) had its price target hoisted by research analysts at Stephens from $28.00 to $29.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ price target would suggest a potential upside of 15.88% from the company’s previous close.

Several other brokerages have also recently issued reports on AESI. Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price objective on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Tuesday. Bank of America reissued a “neutral” rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 target price on the stock. Finally, Raymond James lowered Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.06.

Atlas Energy Solutions Stock Up 0.0 %

Shares of NYSE:AESI opened at $25.03 on Tuesday. The business’s 50 day moving average is $22.97 and its 200 day moving average is $21.51. The stock has a market cap of $2.76 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 6.98 and a beta of 1.03. Atlas Energy Solutions has a 52-week low of $16.42 and a 52-week high of $26.86. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI) last issued its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.25). The firm had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Atlas Energy Solutions’s quarterly revenue was up 93.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. Sell-side analysts predict that Atlas Energy Solutions will post 0.84 EPS for the current year.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $21.12, for a total value of $181,019.52. Following the transaction, the insider now directly owns 926,175 shares of the company’s stock, valued at approximately $19,560,816. This represents a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $24.46, for a total value of $305,750.00. Following the completion of the transaction, the insider now owns 362,010 shares of the company’s stock, valued at approximately $8,854,764.60. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,642 shares of company stock worth $3,299,671. 24.34% of the stock is owned by insiders.

Institutional Trading of Atlas Energy Solutions

Several institutional investors and hedge funds have recently bought and sold shares of AESI. Louisiana State Employees Retirement System acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter worth $650,000. Wilmington Savings Fund Society FSB boosted its holdings in Atlas Energy Solutions by 8.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company’s stock valued at $328,000 after purchasing an additional 1,100 shares during the last quarter. Vest Financial LLC grew its position in Atlas Energy Solutions by 75.0% during the 4th quarter. Vest Financial LLC now owns 114,764 shares of the company’s stock worth $2,545,000 after purchasing an additional 49,186 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Atlas Energy Solutions during the 4th quarter valued at about $764,000. Finally, Yousif Capital Management LLC acquired a new position in shares of Atlas Energy Solutions in the 4th quarter valued at about $509,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

About Atlas Energy Solutions

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.