Atlas Energy Solutions (NYSE:AESI) Given New $23.00 Price Target at Barclays

Atlas Energy Solutions (NYSE:AESI - Get Free Report) had its price target hoisted by research analysts at Barclays from $19.00 to $23.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential upside of 3.17% from the company's current price.

A number of other analysts have also commented on the company. Pickering Energy Partners lowered Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research report on Wednesday, October 30th. Raymond James downgraded shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. The Goldman Sachs Group started 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 for the company. Bank of America reaffirmed a "neutral" rating and set a $22.50 price target on shares of Atlas Energy Solutions in a report on Monday, January 13th. Finally, Benchmark upped their price objective on Atlas Energy Solutions from $23.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Six equities 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 currently has an average rating of "Moderate Buy" and a consensus price target of $25.50.

Atlas Energy Solutions Price Performance

AESI stock traded down $0.67 during trading on Thursday, hitting $22.29. The company had a trading volume of 5,501,039 shares, compared to its average volume of 1,642,449. Atlas Energy Solutions has a fifty-two week low of $16.42 and a fifty-two week high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $23.00 and a two-hundred day moving average price of $21.54. The company has a market cap of $2.46 billion, a P/E ratio of 28.22, a P/E/G ratio of 6.82 and a beta of 1.03.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 30,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $24.02, for a total value of $720,600.00. Following the completion of the sale, the insider now owns 432,010 shares in the company, valued at approximately $10,376,880.20. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Stacy Hock sold 8,571 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $21.12, for a total value of $181,019.52. Following the completion of the transaction, the insider now directly owns 926,175 shares of the company's stock, valued at approximately $19,560,816. This represents a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,642 shares of company stock valued at $3,299,671. Corporate insiders own 24.34% of the company's stock.

Hedge Funds Weigh In On Atlas Energy Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP purchased a new position in shares of Atlas Energy Solutions in the second quarter worth about $280,000. Sei Investments Co. grew its stake in Atlas Energy Solutions by 80.8% in the 2nd quarter. Sei Investments Co. now owns 159,332 shares of the company's stock valued at $3,177,000 after buying an additional 71,226 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Atlas Energy Solutions by 168.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,677 shares of the company's stock valued at $811,000 after acquiring an additional 25,540 shares during the period. Cetera Investment Advisers lifted its position in shares of Atlas Energy Solutions by 1.0% during the second quarter. Cetera Investment Advisers now owns 88,654 shares of the company's stock worth $1,767,000 after acquiring an additional 897 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Atlas Energy Solutions in the second quarter worth $951,000. 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.