Atlas Energy Solutions (NYSE:AESI) Stock Price Expected to Rise, Barclays Analyst Says

Atlas Energy Solutions (NYSE:AESI) had its price target increased by equities research analysts at Barclays from $19.00 to $23.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 0.20% from the company’s previous close.

Several other equities analysts have also weighed in on AESI. Stephens raised their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday. Raymond James lowered Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Royal Bank of Canada upped their target price on Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday. The Goldman Sachs Group started coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Benchmark upped their price objective on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Atlas Energy Solutions Stock Down 8.3 %

Atlas Energy Solutions stock opened at $22.96 on Thursday. 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 1-year low of $16.42 and a 1-year high of $26.86. The firm’s fifty day simple moving average is $23.03 and its 200-day simple moving average is $21.54. The company has a market capitalization of $2.53 billion, a P/E ratio of 29.06, a P/E/G ratio of 7.36 and a beta of 1.03.

Insider Buying and Selling

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $24.46, for a total value of $305,750.00. Following the completion of the sale, the insider now owns 362,010 shares in the company, valued at approximately $8,854,764.60. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Gregory M. Shepard acquired 13,363 shares of the stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $19.19 per share, for a total transaction of $256,435.97. Following the completion of the transaction, the insider now owns 7,619,055 shares of the company’s stock, valued at $146,209,665.45. This trade represents a 0.18 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 144,642 shares of company stock valued at $3,299,671. 24.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Copeland Capital Management LLC increased its holdings in Atlas Energy Solutions by 19.3% in the 4th quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock valued at $49,856,000 after buying an additional 363,742 shares during the period. State Street Corp increased its stake in Atlas Energy Solutions by 15.0% in the third quarter. State Street Corp now owns 1,751,059 shares of the company’s stock valued at $38,173,000 after acquiring an additional 227,776 shares during the period. Geode Capital Management LLC raised its position in Atlas Energy Solutions by 3.9% in the third quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company’s stock worth $31,579,000 after purchasing an additional 54,321 shares in the last quarter. Wellington Management Group LLP bought a new position in Atlas Energy Solutions during the third quarter worth about $17,314,000. Finally, Ashford Capital Management Inc. boosted its holdings in Atlas Energy Solutions by 27.9% during the third quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company’s stock valued at $12,775,000 after purchasing an additional 127,910 shares in the last quarter. 34.59% of the stock is 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.