Barclays Has Lowered Expectations for Atlas Energy Solutions (NYSE:AESI) Stock Price

Atlas Energy Solutions (NYSE:AESI) had its price objective decreased by stock analysts at Barclays from $23.00 to $19.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential downside of 1.96% from the company’s previous close.

A number of other analysts also recently weighed in on AESI. Benchmark decreased their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Bank of America reaffirmed a “neutral” rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Raymond James lowered Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Royal Bank of Canada reduced their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $22.00 in a research note on Thursday, November 14th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Atlas Energy Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $24.39.

Atlas Energy Solutions Stock Down 0.8 %

Shares of NYSE:AESI opened at $19.38 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The company has a market capitalization of $2.14 billion, a PE ratio of 24.53 and a beta of 1.03. Atlas Energy Solutions has a 52-week low of $17.49 and a 52-week high of $26.86. The company has a fifty day moving average of $22.33 and a 200-day moving average of $21.69.

Atlas Energy Solutions (NYSE:AESI) last announced its earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate 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 company had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. On average, equities analysts predict that Atlas Energy Solutions will post 0.83 EPS for the current fiscal year.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Brian Anthony Leveille sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.17, for a total transaction of $115,850.00. Following the completion of the sale, the insider now owns 409,510 shares in the company, valued at approximately $9,488,346.70. This trade represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of the stock in a transaction on Thursday, February 27th. The stock was bought at an average cost of $19.04 per share, for a total transaction of $612,231.20. Following the transaction, the insider now owns 7,651,210 shares of the company’s stock, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 76,071 shares of company stock valued at $1,773,251. 24.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at $27,000. CBIZ Investment Advisory Services LLC raised its stake 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 acquiring an additional 523 shares during the period. Tower Research Capital LLC TRC raised its stake in Atlas Energy Solutions by 307.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock valued at $31,000 after acquiring an additional 1,047 shares during the period. Global Retirement Partners LLC lifted its holdings 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 valued at $43,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Atlas Energy Solutions during the third quarter worth about $48,000. 34.59% of the stock is owned by institutional investors.

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.