Atlas Energy Solutions Inc. (NYSE:AESI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. 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 company. The average 12 month price objective among brokers that have covered the stock in the last year is $25.50.

Several brokerages have recently weighed in on AESI. Stephens increased their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Barclays increased their target price on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Benchmark raised their price target on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th.

Atlas Energy Solutions Price Performance

AESI stock opened at $21.77 on Wednesday. Atlas Energy Solutions has a 52 week low of $17.19 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. The company has a fifty day simple moving average of $22.78 and a two-hundred day simple moving average of $21.59. The firm has a market capitalization of $2.40 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 6.39 and a beta of 1.03.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.17, for a total transaction of $115,850.00. Following the completion of the transaction, the insider now directly owns 409,510 shares of the company’s stock, valued at $9,488,346.70. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $21.96, for a total transaction of $219,600.00. Following the completion of the sale, the insider now directly owns 907,604 shares of the company’s stock, valued at approximately $19,930,983.84. The trade was a 1.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,071 shares of company stock worth $2,915,851. Company insiders own 24.34% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in AESI. CBIZ Investment Advisory Services LLC boosted its stake in Atlas Energy Solutions by 62.9% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after purchasing an additional 523 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock worth $43,000 after purchasing an additional 1,276 shares during the last quarter. Quest Partners LLC acquired a new stake in Atlas Energy Solutions during the 3rd quarter worth $48,000. Promus Capital LLC acquired a new stake in Atlas Energy Solutions during the 4th quarter worth $55,000. Finally, FMR LLC boosted its stake in Atlas Energy Solutions by 101.0% during 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. Institutional investors and hedge funds 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.