Atlas Energy Solutions (NYSE:AESI) Stock Price Expected to Rise, Benchmark Analyst Says

Atlas Energy Solutions (NYSE:AESI) had its target price lifted by equities research analysts at Benchmark from $23.00 to $28.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target suggests a potential upside of 11.81% from the stock’s current price.

A number of other equities research analysts also recently weighed in on AESI. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Raymond James downgraded Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Bank of America reissued a “neutral” rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Royal Bank of Canada lifted their target price on Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, The Goldman Sachs Group began coverage on Atlas Energy Solutions in a report on Friday, December 13th. They set a “neutral” rating and a $23.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.50.

Atlas Energy Solutions Trading Up 0.1 %

Shares of NYSE:AESI opened at $25.04 on Wednesday. The company has a market cap of $2.76 billion, a P/E ratio of 31.70, a P/E/G ratio of 6.98 and a beta of 1.03. The stock’s 50-day moving average is $23.04 and its 200-day moving average is $21.53. Atlas Energy Solutions has a 52-week low of $16.42 and a 52-week high of $26.86. 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 released its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm 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 earnings per share. The firm’s quarterly revenue was up 93.1% compared to the same quarter last year. Equities research analysts predict that Atlas Energy Solutions will post 0.84 earnings per share for the current year.

Insider Activity

In related news, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $24.46, for a total transaction of $305,750.00. Following the completion of the transaction, the insider now owns 362,010 shares of the company’s stock, valued at $8,854,764.60. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 144,642 shares of company stock worth $3,299,671. Insiders own 24.34% of the company’s stock.

Institutional Inflows and Outflows

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

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.