Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $25.50.

A number of brokerages recently commented on AESI. Benchmark lifted their price objective on Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Barclays raised 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 note on Thursday, January 30th. Citigroup lowered Atlas Energy Solutions from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Pickering Energy Partners cut shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research report on Wednesday, October 30th. Finally, Stephens increased their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th.

Atlas Energy Solutions Trading Down 3.6 %

AESI traded down $0.79 during mid-day trading on Wednesday, reaching $20.98. The stock had a trading volume of 1,070,131 shares, compared to its average volume of 1,624,683. The firm's fifty day simple moving average is $22.78 and its two-hundred day simple moving average is $21.59. The stock has a market capitalization of $2.31 billion, a P/E ratio of 26.56, a P/E/G ratio of 6.39 and a beta of 1.03. Atlas Energy Solutions has a 52 week low of $17.19 and a 52 week high of $26.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Brian Anthony Leveille sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $21.50, for a total value of $215,000.00. Following the completion of the sale, the insider now owns 472,010 shares of the company's stock, valued at approximately $10,148,215. This represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Stacy Hock sold 8,571 shares of the firm'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 directly owns 917,604 shares of the company's stock, valued at $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. In the last three months, insiders have sold 126,071 shares of company stock worth $2,915,851. Insiders own 24.34% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of 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 purchasing an additional 523 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Atlas Energy Solutions by 1.6% during the 3rd 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 buying an additional 711 shares during the period. CWM LLC boosted its holdings in shares of Atlas Energy Solutions by 47.1% during the 3rd quarter. CWM LLC now owns 2,766 shares of the company's stock worth $60,000 after buying an additional 886 shares during the period. Cetera Investment Advisers grew its stake in Atlas Energy Solutions by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 88,654 shares of the company's stock valued at $1,767,000 after buying an additional 897 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in Atlas Energy Solutions by 8.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company's stock valued at $328,000 after acquiring an additional 1,100 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.