Atlas Energy Solutions (NYSE:AESI) Price Target Lowered to $25.00 at Benchmark

Atlas Energy Solutions (NYSE:AESI) had its target price cut by analysts at Benchmark from $28.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 30.68% from the company’s current price.

AESI has been the topic of several other research reports. The Goldman Sachs Group assumed coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price objective on the stock. Raymond James lowered Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Bank of America restated a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Barclays upped their target price on Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada boosted their price target 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 analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.17.

Atlas Energy Solutions Price Performance

Shares of AESI opened at $19.13 on Wednesday. The business has a 50-day simple moving average of $22.45 and a two-hundred day simple moving average of $21.69. Atlas Energy Solutions has a 12-month low of $17.49 and a 12-month high of $26.86. The stock has a market cap of $2.11 billion, a PE ratio of 24.19 and a beta of 1.03. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

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

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.50, for a total value of $225,000.00. Following the sale, the insider now owns 897,604 shares of the company’s stock, valued at $20,196,090. This trade represents a 1.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.17, for a total value of $115,850.00. Following the transaction, the insider now directly owns 409,510 shares of the company’s stock, valued at $9,488,346.70. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,071 shares of company stock worth $1,773,251. 24.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP grew its position in Atlas Energy Solutions by 31.5% in the fourth quarter. First Trust Advisors LP now owns 3,908,810 shares of the company’s stock worth $86,697,000 after acquiring an additional 935,410 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new position in shares of Atlas Energy Solutions in the 4th quarter worth about $17,770,000. Wellington Management Group LLP purchased a new position in shares of Atlas Energy Solutions in the 3rd quarter worth about $17,314,000. Vanguard Group Inc. increased its position in shares of Atlas Energy Solutions by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company’s stock valued at $153,382,000 after purchasing an additional 773,035 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Atlas Energy Solutions by 25.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company’s stock valued at $75,197,000 after buying an additional 689,846 shares in the last quarter. 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.