Benchmark Boosts Atlas Energy Solutions (NYSE:AESI) Price Target to $28.00

Atlas Energy Solutions (NYSE:AESI - Get Free Report) had its price target upped by research analysts at Benchmark from $23.00 to $28.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Benchmark's price target indicates a potential upside of 11.75% from the company's current price.

Several other research analysts have also commented on AESI. Royal Bank of Canada raised their price objective on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Tuesday. Citigroup downgraded Atlas Energy Solutions from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $23.00 to $22.00 in a 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. Raymond James cut Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group began coverage on Atlas Energy Solutions in a report on Friday, December 13th. They set a "neutral" rating and a $23.00 price target on the stock. Six 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $25.06.

Atlas Energy Solutions Trading Up 0.1 %

Atlas Energy Solutions stock traded up $0.04 during midday trading on Wednesday, hitting $25.06. 95,736 shares of the stock were exchanged, compared to its average volume of 1,041,970. 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 stock's 50-day simple moving average is $22.90 and its 200 day simple moving average is $21.48. Atlas Energy Solutions has a fifty-two week low of $16.42 and a fifty-two week high of $26.86. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 6.98 and a beta of 1.03.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.25). The business had revenue of $304.40 million during the quarter, compared to analysts' expectations of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Atlas Energy Solutions's revenue for the quarter was up 93.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. On average, equities analysts anticipate that Atlas Energy Solutions will post 0.84 EPS for the current year.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 10,000 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $21.96, for a total transaction of $219,600.00. Following the sale, the insider now directly owns 907,604 shares in the company, valued at approximately $19,930,983.84. This trade represents a 1.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Brian Anthony Leveille sold 30,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.02, for a total value of $720,600.00. Following the transaction, the insider now directly owns 432,010 shares in the company, valued at $10,376,880.20. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,142 shares of company stock worth $2,993,921 in the last ninety days. 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 modified their holdings of the business. Copeland Capital Management LLC boosted its stake in Atlas Energy Solutions by 19.3% during the 4th quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company's stock valued at $49,856,000 after acquiring an additional 363,742 shares during the last quarter. State Street Corp lifted its position in shares of Atlas Energy Solutions by 15.0% during the third quarter. State Street Corp now owns 1,751,059 shares of the company's stock worth $38,173,000 after purchasing an additional 227,776 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Atlas Energy Solutions by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company's stock worth $31,579,000 after purchasing an additional 54,321 shares during the last quarter. Wellington Management Group LLP bought a new stake in Atlas Energy Solutions in the third quarter valued at about $17,314,000. Finally, Ashford Capital Management Inc. raised its stake in Atlas Energy Solutions by 27.9% during the third quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company's stock valued at $12,775,000 after buying an additional 127,910 shares in the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.