Atlas Energy Solutions (NYSE:AESI) Price Target Raised to $28.00

Atlas Energy Solutions (NYSE:AESI) had its price target hoisted by Benchmark from $23.00 to $28.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on AESI. Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $22.00 in a report on Thursday, November 14th. The Goldman Sachs Group initiated 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 target on the stock. Bank of America reaffirmed a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $23.00 to $19.00 in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada upped their price target on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Atlas Energy Solutions Stock Down 8.3 %

Shares of NYSE AESI opened at $22.96 on Wednesday. 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. The company’s 50-day simple moving average is $23.03 and its 200-day simple moving average is $21.54. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 7.36 and a beta of 1.03.

Insider Buying and Selling

In related news, major shareholder Gregory M. Shepard acquired 13,363 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $19.19 per share, with a total value of $256,435.97. Following the completion of the transaction, the insider now owns 7,619,055 shares of the company’s stock, valued at $146,209,665.45. The trade was a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction on Monday, January 27th. The shares were sold at an average price of $24.46, for a total value of $305,750.00. Following the completion of the transaction, the insider now owns 362,010 shares of the company’s stock, valued at approximately $8,854,764.60. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,642 shares of company stock valued at $3,299,671. Corporate insiders own 24.34% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC grew its position in shares of 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 buying an additional 1,276 shares in the last quarter. Quest Partners LLC acquired a new position in Atlas Energy Solutions during the 3rd quarter worth approximately $48,000. Amalgamated Bank increased its position in shares of Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after purchasing an additional 1,801 shares during the last quarter. FMR LLC increased its position in shares of Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after purchasing an additional 1,355 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after purchasing an additional 886 shares in the last quarter. Hedge funds and other institutional investors 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.