Atlas Energy Solutions (NYSE:AESI) Price Target Lowered to $19.00 at Barclays

Atlas Energy Solutions (NYSE:AESI - Get Free Report) had its price target cut by Barclays from $23.00 to $19.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective would suggest a potential upside of 9.79% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Bank of America reaffirmed a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Benchmark dropped their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Citigroup downgraded shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Royal Bank of Canada lowered their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Stephens boosted their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.39.

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Atlas Energy Solutions Stock Down 1.3 %

Shares of AESI stock traded down $0.23 on Monday, hitting $17.31. The stock had a trading volume of 1,303,862 shares, compared to its average volume of 1,614,163. Atlas Energy Solutions has a one year low of $16.98 and a one year high of $26.86. The business has a 50 day moving average price of $22.07 and a 200 day moving average price of $21.63. The company has a market cap of $1.91 billion, a PE ratio of 21.91 and a beta of 1.18. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

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

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard acquired 32,155 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the purchase, the insider now directly owns 7,651,210 shares of the company's stock, valued at $145,679,038.40. The trade was a 0.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $24.46, for a total transaction of $305,750.00. Following the transaction, the insider now owns 362,010 shares of the company's stock, valued at $8,854,764.60. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,571 shares of company stock valued at $1,473,876 in the last ninety days. Company insiders own 24.34% of the company's stock.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in Atlas Energy Solutions during the fourth quarter worth about $27,000. CBIZ Investment Advisory Services LLC boosted its position 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 in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Atlas Energy Solutions by 307.9% during the 4th 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 during the period. Global Retirement Partners LLC increased its holdings in shares of Atlas Energy Solutions by 191.9% during the 4th 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 in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Atlas Energy Solutions in the 3rd quarter valued at $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.