Stephens Issues Positive Forecast for Atlas Energy Solutions (NYSE:AESI) Stock Price

Atlas Energy Solutions (NYSE:AESI - Get Free Report) had its price target lifted by Stephens from $28.00 to $29.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Stephens' target price indicates a potential upside of 26.33% from the stock's current price.

A number of other analysts have also issued reports on AESI. Barclays lowered Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $23.00 to $19.00 in a research note on Tuesday, November 12th. Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. 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. Royal Bank of Canada raised their price objective on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Bank of America restated a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $25.50.

Atlas Energy Solutions Trading Down 8.3 %

Shares of AESI traded down $2.07 during mid-day trading on Tuesday, reaching $22.96. 8,070,996 shares of the company were exchanged, compared to its average volume of 1,361,943. Atlas Energy Solutions has a 52 week low of $16.42 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. The stock has a market capitalization of $2.53 billion, a PE ratio of 29.06, a PEG ratio of 7.36 and a beta of 1.03. The business has a 50 day simple moving average of $23.04 and a two-hundred day simple moving average of $21.53.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $304.40 million for the quarter, compared to analysts' expectations of $307.93 million. During the same period in the previous year, the firm earned $0.51 EPS. The firm's quarterly revenue was up 93.1% on a year-over-year basis. On average, analysts predict that Atlas Energy Solutions will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlas Energy Solutions

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

Institutional Investors Weigh In On Atlas Energy Solutions

A number of large investors have recently bought and sold shares of the company. Copeland Capital Management LLC boosted its position in Atlas Energy Solutions by 19.3% in the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company's stock valued at $49,856,000 after buying an additional 363,742 shares during the last quarter. State Street Corp increased its holdings in shares of Atlas Energy Solutions by 15.0% during the 3rd quarter. State Street Corp now owns 1,751,059 shares of the company's stock valued at $38,173,000 after purchasing an additional 227,776 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Atlas Energy Solutions by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company's stock valued at $31,579,000 after purchasing an additional 54,321 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Atlas Energy Solutions in the 3rd quarter valued at $17,314,000. Finally, Ashford Capital Management Inc. grew its stake in Atlas Energy Solutions by 27.9% in the 3rd quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company's stock valued at $12,775,000 after acquiring an additional 127,910 shares during the period. 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.