Royal Bank of Canada Boosts Atlas Energy Solutions (NYSE:AESI) Price Target to $28.00

Atlas Energy Solutions (NYSE:AESI) had its price objective lifted by Royal Bank of Canada from $27.00 to $28.00 in a research report report published on Tuesday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on AESI. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They set a “neutral” rating and a $23.00 target price on the stock. Raymond James cut Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Bank of America restated a “neutral” rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Finally, Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $23.00 to $19.00 in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.94.

Atlas Energy Solutions Trading Up 1.2 %

Shares of NYSE AESI opened at $24.98 on Tuesday. Atlas Energy Solutions has a 1-year low of $16.42 and a 1-year high of $26.86. The business has a fifty day moving average price of $22.90 and a 200 day moving average price of $21.48. The stock has a market capitalization of $2.75 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 6.98 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm had revenue of $304.40 million for the quarter, compared to analysts’ expectations of $307.93 million. During the same period in the previous year, the company posted $0.51 earnings per share. The business’s quarterly revenue was up 93.1% compared to the same quarter last year. Equities research analysts expect that Atlas Energy Solutions will post 0.84 EPS for the current fiscal year.

Insider Transactions at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 10,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were 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 owns 907,604 shares of the company’s stock, valued at $19,930,983.84. This represents a 1.09 % 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 5,000 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $23.88, for a total transaction of $119,400.00. Following the completion of the sale, the insider now owns 382,010 shares of the company’s stock, valued at $9,122,398.80. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,142 shares of company stock valued at $2,993,921 over the last 90 days. Corporate insiders own 24.34% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

Several large investors have recently bought and sold shares of AESI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Atlas Energy Solutions by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock worth $979,000 after purchasing an additional 711 shares in the last quarter. CWM LLC increased its holdings in shares of Atlas Energy Solutions by 47.1% in the third 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 last quarter. Cetera Investment Advisers lifted its position in Atlas Energy Solutions by 1.0% during the second quarter. Cetera Investment Advisers now owns 88,654 shares of the company’s stock worth $1,767,000 after buying an additional 897 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Atlas Energy Solutions by 8.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company’s stock worth $328,000 after buying an additional 1,100 shares during the last quarter. Finally, FMR LLC grew its holdings in Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after buying an additional 1,355 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

About Atlas Energy Solutions

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.