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

Atlas Energy Solutions (NYSE:AESI) had its price objective lowered by equities researchers at Benchmark from $28.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target points to a potential upside of 30.68% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. 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. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $22.00 in a research note on Thursday, November 14th. Stephens upped their price target on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Barclays upped their price objective on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group began coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 price target on the stock. Six 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 company’s stock. According to MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $25.17.

Atlas Energy Solutions Stock Down 1.5 %

AESI opened at $19.13 on Wednesday. The firm’s 50-day simple moving average is $22.45 and its 200-day simple moving average is $21.69. Atlas Energy Solutions has a twelve month low of $17.49 and a twelve month high of $26.86. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 24.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

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

Insider Transactions at Atlas Energy Solutions

In other news, major shareholder Brian Anthony Leveille sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was 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 $9,488,346.70. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction that occurred 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 trade represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,071 shares of company stock worth $1,773,251 in 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 made changes to their positions in the company. Quarry LP bought a new stake in Atlas Energy Solutions during the fourth quarter worth $27,000. CBIZ Investment Advisory Services LLC grew its position in Atlas Energy Solutions by 62.9% in the fourth 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 last quarter. Tower Research Capital LLC TRC raised its stake in Atlas Energy Solutions by 307.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock worth $31,000 after acquiring an additional 1,047 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock worth $43,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Atlas Energy Solutions in the 3rd quarter valued at approximately $48,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.