Atlas Energy Solutions (NYSE:AESI) PT Lowered to $23.00

Atlas Energy Solutions (NYSE:AESI) had its price objective dropped by equities researchers at Barclays from $26.00 to $23.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 14.94% from the company’s current price.

A number of other equities analysts have also weighed in on AESI. Tudor, Pickering, Holt & Co. started coverage on shares of Atlas Energy Solutions in a report on Monday, June 24th. They issued a “buy” rating for the company. Piper Sandler lowered their price target on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, July 15th. Stephens reaffirmed an “overweight” rating and set a $28.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. The Goldman Sachs Group decreased their target price on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Bank of America dropped their price target on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Eight research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $25.75.

Atlas Energy Solutions Trading Down 1.8 %

NYSE AESI opened at $20.01 on Wednesday. The stock’s fifty day moving average price is $20.98 and its 200-day moving average price is $21.46. The company has a current ratio of 1.53, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.00 billion, a P/E ratio of 11.12, a P/E/G ratio of 6.47 and a beta of 0.56. Atlas Energy Solutions has a 12 month low of $15.55 and a 12 month high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.18). The firm had revenue of $287.52 million for the quarter, compared to analysts’ expectations of $270.55 million. Atlas Energy Solutions had a net margin of 13.71% and a return on equity of 16.75%. The business’s revenue for the quarter was up 77.7% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. As a group, equities analysts forecast that Atlas Energy Solutions will post 1.48 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $19.44, for a total transaction of $166,620.24. Following the transaction, the insider now owns 943,317 shares in the company, valued at $18,338,082.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $19.44, for a total value of $166,620.24. Following the transaction, the insider now owns 943,317 shares of the company’s stock, valued at $18,338,082.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.50, for a total value of $205,000.00. Following the transaction, the insider now directly owns 542,010 shares in the company, valued at approximately $11,111,205. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,713 shares of company stock valued at $729,117. 24.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of hedge funds have recently modified their holdings of the company. Whitebox Advisors LLC purchased a new position in shares of Atlas Energy Solutions during the 1st quarter valued at $49,712,000. Price T Rowe Associates Inc. MD lifted its position in shares of Atlas Energy Solutions by 9,759.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,628,485 shares of the company’s stock valued at $36,838,000 after acquiring an additional 1,611,968 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of Atlas Energy Solutions by 775.7% in the second quarter. Cooke & Bieler LP now owns 1,699,013 shares of the company’s stock valued at $33,861,000 after acquiring an additional 1,504,988 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Atlas Energy Solutions by 127.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,136,136 shares of the company’s stock worth $19,564,000 after acquiring an additional 637,249 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of Atlas Energy Solutions by 38.2% during the first quarter. Clearbridge Investments LLC now owns 2,305,271 shares of the company’s stock worth $52,145,000 after purchasing an additional 636,785 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

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.