Atlas Energy Solutions Inc. (NYSE:AESI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Atlas Energy Solutions Inc. (NYSE:AESI) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $25.50.

Several equities analysts have recently issued reports on AESI shares. Benchmark upped their price objective on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Bank of America restated a “neutral” rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Citigroup cut shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. The Goldman Sachs Group started coverage on shares of Atlas Energy Solutions in a report on Friday, December 13th. They set a “neutral” rating and a $23.00 price objective on the stock. Finally, Pickering Energy Partners lowered Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th.

Atlas Energy Solutions Trading Up 1.7 %

Shares of NYSE:AESI opened at $22.25 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The firm has a market capitalization of $2.45 billion, a P/E ratio of 28.16, a P/E/G ratio of 6.39 and a beta of 1.03. The business’s 50-day moving average is $22.66 and its 200 day moving average is $21.61. Atlas Energy Solutions has a 1 year low of $17.49 and a 1 year high of $26.86.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $21.50, for a total transaction of $215,000.00. Following the completion of the transaction, the insider now directly owns 472,010 shares of the company’s stock, valued at $10,148,215. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $22.55, for a total transaction of $193,276.05. Following the completion of the transaction, the insider now owns 917,604 shares of the company’s stock, valued at approximately $20,691,970.20. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,071 shares of company stock valued at $2,708,851. 24.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Atlas Energy Solutions during the 4th quarter worth about $27,000. CBIZ Investment Advisory Services LLC raised 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 worth $30,000 after purchasing an additional 523 shares during the period. Tower Research Capital LLC TRC boosted its position 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 purchasing an additional 1,047 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Atlas Energy Solutions by 191.9% in 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 period. Finally, Quest Partners LLC purchased a new stake in shares of Atlas Energy Solutions in the third quarter valued at approximately $48,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.