Stephens Issues Positive Forecast for Atlas Energy Solutions (NYSE:AESI) Stock Price

Atlas Energy Solutions (NYSE:AESI) had its target price upped by Stephens from $28.00 to $29.00 in a report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

AESI has been the subject of several other research reports. Bank of America restated a “neutral” rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research report on Monday, January 13th. The Goldman Sachs Group assumed coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They issued a “neutral” rating and a $23.00 target price for the company. Royal Bank of Canada raised their price target on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Tuesday. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Finally, Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.94.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $24.98 on Tuesday. The company has a market cap of $2.75 billion, a P/E ratio of 31.62, a PEG ratio of 6.98 and a beta of 1.03. The business has a 50 day moving average of $22.90 and a two-hundred day moving average of $21.48. Atlas Energy Solutions has a 52 week low of $16.42 and a 52 week high of $26.86. 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 released its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $304.40 million for the quarter, compared to analyst estimates of $307.93 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 93.1% compared to the same quarter last year. As a group, analysts anticipate that Atlas Energy Solutions will post 0.84 EPS for the current year.

Insider Activity

In related news, major shareholder Brian Anthony Leveille sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.39, for a total transaction of $427,800.00. Following the completion of the sale, the insider now directly owns 512,010 shares in the company, valued at approximately $10,951,893.90. This trade represents a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Gregory M. Shepard purchased 14,347 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of $19.57 per share, for a total transaction of $280,770.79. Following the acquisition, the insider now directly owns 7,554,653 shares of the company’s stock, valued at $147,844,559.21. This represents a 0.19 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 132,142 shares of company stock worth $2,993,921. 24.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Large investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Atlas Energy Solutions by 1.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock worth $979,000 after purchasing an additional 711 shares during the period. CWM LLC increased its stake in Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after purchasing an additional 886 shares in the last quarter. Cetera Investment Advisers raised its holdings in Atlas Energy Solutions by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 88,654 shares of the company’s stock worth $1,767,000 after buying an additional 897 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in Atlas Energy Solutions by 8.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company’s stock valued at $328,000 after buying an additional 1,100 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after buying an additional 1,355 shares during the period. 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.