Atlas Energy Solutions Inc. (NYSE:AESI) Receives $25.50 Consensus PT from Brokerages

Atlas Energy Solutions Inc. (NYSE:AESI) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. Six research 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 company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $25.50.

A number of brokerages have commented on AESI. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price objective for the company. Barclays lifted their target price on Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Raymond James cut Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Royal Bank of Canada lifted their target price on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Stephens lifted their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th.

Atlas Energy Solutions Trading Up 3.7 %

Shares of Atlas Energy Solutions stock opened at $21.85 on Wednesday. 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 has a 52 week low of $17.39 and a 52 week high of $26.86. The stock has a 50 day moving average price of $22.68 and a two-hundred day moving average price of $21.59. The stock has a market capitalization of $2.41 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 6.39 and a beta of 1.03.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total value of $193,276.05. Following the sale, the insider now directly owns 917,604 shares in the company, valued at $20,691,970.20. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $21.50, for a total value of $215,000.00. Following the completion of the sale, the insider now owns 472,010 shares in the company, valued at approximately $10,148,215. The trade was a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 126,071 shares of company stock valued at $2,915,851. Insiders own 24.34% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new stake in shares of Atlas Energy Solutions during the 2nd quarter valued at $280,000. Cetera Investment Advisers increased its stake in Atlas Energy Solutions by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 88,654 shares of the company’s stock worth $1,767,000 after acquiring an additional 897 shares during the last quarter. SG Americas Securities LLC bought a new position in Atlas Energy Solutions in the 3rd quarter worth about $249,000. CWM LLC increased its stake 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 acquiring an additional 886 shares during the last quarter. Finally, Vest Financial LLC increased its stake in Atlas Energy Solutions by 14.8% in the 3rd quarter. Vest Financial LLC now owns 65,578 shares of the company’s stock worth $1,430,000 after acquiring an additional 8,436 shares during 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.