Atlas Energy Solutions' (AESI) "Outperform" Rating Reaffirmed at Royal Bank of Canada

Atlas Energy Solutions (NYSE:AESI - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $25.00 target price on the stock. Royal Bank of Canada's target price suggests a potential upside of 80.57% from the company's current price.

A number of other equities research analysts have also commented on AESI. Bank of America reiterated a "neutral" rating and issued a $22.50 target price 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 report on Friday, December 13th. They issued a "neutral" rating and a $23.00 price target on the stock. Benchmark decreased their price objective 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. Piper Sandler initiated coverage on Atlas Energy Solutions in a report on Wednesday, March 12th. They set an "overweight" rating and a $22.00 target price on the stock. Finally, Barclays decreased their price target on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.83.

Atlas Energy Solutions Stock Up 0.3 %

NYSE AESI traded up $0.05 during trading on Wednesday, hitting $13.85. The company's stock had a trading volume of 2,875,470 shares, compared to its average volume of 1,186,230. Atlas Energy Solutions has a fifty-two week low of $12.81 and a fifty-two week high of $26.86. 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 company has a market cap of $1.69 billion, a PE ratio of 17.53 and a beta of 1.20. The business's 50 day simple moving average is $19.76 and its 200-day simple moving average is $21.18.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.12). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $271.34 million during the quarter, compared to analysts' expectations of $272.94 million. On average, equities analysts anticipate that Atlas Energy Solutions will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total transaction of $225,000.00. Following the transaction, the insider now owns 897,604 shares in the company, valued at $20,196,090. The trade was a 1.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Brian Anthony Leveille sold 7,500 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $24.00, for a total transaction of $180,000.00. Following the sale, the insider now owns 397,010 shares of the company's stock, valued at approximately $9,528,240. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,000 shares of company stock worth $1,049,750. Corporate insiders own 24.34% of the company's stock.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP lifted its stake in shares of Atlas Energy Solutions by 31.5% in the 4th quarter. First Trust Advisors LP now owns 3,908,810 shares of the company's stock valued at $86,697,000 after purchasing an additional 935,410 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new position in shares of Atlas Energy Solutions in the 4th quarter worth approximately $17,770,000. Wellington Management Group LLP purchased a new position in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $17,314,000. Vanguard Group Inc. increased its holdings in Atlas Energy Solutions by 12.6% in the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock valued at $153,382,000 after purchasing an additional 773,035 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Atlas Energy Solutions by 25.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company's stock valued at $75,197,000 after purchasing an additional 689,846 shares during the period. Institutional investors and hedge funds 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.