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

Atlas Energy Solutions (NYSE:AESI) had its target price decreased by investment analysts at Barclays from $26.00 to $23.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 12.75% from the company’s current price.

AESI has been the subject of a number of other reports. Piper Sandler cut their target price on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, July 15th. Benchmark reiterated a “buy” rating and issued a $27.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Royal Bank of Canada reduced their price target on shares of Atlas Energy Solutions from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Tudor, Pickering, Holt & Co. assumed coverage on Atlas Energy Solutions in a research note on Monday, June 24th. They set a “buy” rating on the stock. Finally, Tudor Pickering raised shares of Atlas Energy Solutions to a “strong-buy” rating in a research report on Monday, June 24th. Eight research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $25.75.

Atlas Energy Solutions Trading Up 2.1 %

Atlas Energy Solutions stock traded up $0.42 during midday trading on Wednesday, reaching $20.40. 492,294 shares of the stock traded hands, compared to its average volume of 872,239. 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 firm has a market cap of $2.04 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 6.47 and a beta of 0.56. The company has a 50-day simple moving average of $20.94 and a two-hundred day simple moving average of $21.48. 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 posted its quarterly earnings results on Monday, August 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.18). The business had revenue of $287.52 million during the quarter, compared to analyst estimates of $270.55 million. Atlas Energy Solutions had a return on equity of 16.75% and a net margin of 13.71%. The business’s revenue was up 77.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. Research analysts expect that Atlas Energy Solutions will post 1.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard purchased 3,248 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were purchased at an average cost of $21.68 per share, with a total value of $70,416.64. Following the completion of the acquisition, the insider now directly owns 7,503,197 shares of the company’s stock, valued at approximately $162,669,310.96. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Gregory M. Shepard acquired 3,248 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was purchased at an average cost of $21.68 per share, with a total value of $70,416.64. Following the completion of the acquisition, the insider now directly owns 7,503,197 shares in the company, valued at $162,669,310.96. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Stacy Hock sold 8,571 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $19.44, for a total value of $166,620.24. Following the sale, the insider now owns 943,317 shares in the company, valued at $18,338,082.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,713 shares of company stock worth $524,117 in the last 90 days. 24.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. lifted its holdings in Atlas Energy Solutions by 313.7% in the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after acquiring an additional 1,308 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of 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. CWM LLC boosted its position in Atlas Energy Solutions by 47.1% during the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after purchasing an additional 886 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Atlas Energy Solutions during the first quarter worth about $78,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Atlas Energy Solutions during the 2nd quarter worth $74,000. 34.59% of the stock is 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.