Atlas Energy Solutions’ (AESI) “Outperform” Rating Reiterated at Royal Bank of Canada

Atlas Energy Solutions (NYSE:AESI)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank of Canada in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $25.00 price target on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 36.53% from the stock’s current price.

AESI has been the subject of a number of other research reports. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Stephens upped their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Barclays cut their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group assumed coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 price target for the company. Finally, Piper Sandler initiated coverage on shares of Atlas Energy Solutions in a report on Wednesday, March 12th. They issued an “overweight” rating and a $22.00 price target on the stock. Six research 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

Atlas Energy Solutions Trading Up 1.1 %

AESI stock traded up $0.20 during mid-day trading on Wednesday, reaching $18.31. The company had a trading volume of 271,547 shares, compared to its average volume of 1,161,165. The company has a market capitalization of $2.23 billion, a PE ratio of 23.27 and a beta of 1.18. The firm has a 50 day moving average of $20.23 and a 200 day moving average of $21.29. Atlas Energy Solutions has a 12 month low of $16.98 and a 12 month high of $26.86. 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 issued its earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12). The firm had revenue of $271.34 million during the quarter, compared to analysts’ expectations of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. On average, equities analysts predict that Atlas Energy Solutions will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 7,500 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $24.00, for a total value of $180,000.00. Following the completion of the sale, the insider now directly owns 397,010 shares in the company, valued at $9,528,240. This represents a 1.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction on Friday, January 10th. The stock was sold at an average price of $21.96, for a total value of $219,600.00. Following the transaction, the insider now owns 907,604 shares in the company, valued at approximately $19,930,983.84. This represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock worth $1,164,750. Corporate insiders own 24.34% of the company’s stock.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of institutional investors have recently bought and sold shares of AESI. Quarry LP purchased a new position in Atlas Energy Solutions in the fourth quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC increased its holdings in Atlas Energy Solutions by 62.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock valued at $30,000 after purchasing an additional 523 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock valued at $31,000 after purchasing an additional 1,047 shares during the period. Global Retirement Partners LLC lifted its stake in Atlas Energy Solutions by 191.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock worth $43,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Promus Capital LLC purchased a new position in shares of Atlas Energy Solutions during the fourth quarter worth $55,000. 34.59% of the stock is owned by hedge funds and other 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.