Benchmark Has Lowered Expectations for Atlas Energy Solutions (NYSE:AESI) Stock Price

Atlas Energy Solutions (NYSE:AESI) had its price objective dropped by research analysts at Benchmark from $28.00 to $25.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective suggests a potential upside of 28.17% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Bank of America reissued a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Pickering Energy Partners lowered Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Raymond James lowered shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada lifted 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, January 28th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.83.

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $19.51 on Wednesday. The company has a 50-day moving average of $22.37 and a 200-day moving average of $21.66. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 24.69 and a beta of 1.03. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions has a twelve month low of $17.49 and a twelve month high of $26.86.

Atlas Energy Solutions (NYSE:AESI) last released its earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). The business had revenue of $271.34 million for the quarter, compared to analyst estimates of $272.94 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Analysts forecast that Atlas Energy Solutions will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction dated 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 in the company, valued at $19,930,983.84. The trade was a 1.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.17, for a total value of $115,850.00. Following the completion of the transaction, the insider now owns 409,510 shares in the company, valued at $9,488,346.70. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,071 shares of company stock worth $1,773,251. 24.34% of the stock is currently owned by company insiders.

Institutional Trading of Atlas Energy Solutions

Institutional investors have recently added to or reduced their stakes in the business. Ashford Capital Management Inc. increased its stake in shares of Atlas Energy Solutions by 36.1% during the 4th quarter. Ashford Capital Management Inc. now owns 797,675 shares of the company’s stock worth $17,692,000 after purchasing an additional 211,675 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Atlas Energy Solutions by 135.0% in the fourth quarter. Squarepoint Ops LLC now owns 68,880 shares of the company’s stock worth $1,528,000 after purchasing an additional 39,570 shares in the last quarter. Snowden Capital Advisors LLC increased its position in Atlas Energy Solutions by 44.9% during the fourth quarter. Snowden Capital Advisors LLC now owns 24,470 shares of the company’s stock worth $543,000 after buying an additional 7,587 shares during the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Atlas Energy Solutions by 40.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 290,319 shares of the company’s stock valued at $6,439,000 after buying an additional 83,843 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in Atlas Energy Solutions by 58.4% during the fourth quarter. ProShare Advisors LLC now owns 20,330 shares of the company’s stock valued at $451,000 after buying an additional 7,492 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.