Atlas Energy Solutions (NYSE:AESI) Downgraded to "Neutral" Rating by The Goldman Sachs Group

Atlas Energy Solutions (NYSE:AESI - Get Free Report) was downgraded by stock analysts at The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a report released on Thursday, Marketbeat Ratings reports. They presently have a $21.00 target price on the stock, down from their previous target price of $23.00. The Goldman Sachs Group's target price suggests a potential upside of 2.04% from the stock's current price.

Several other equities analysts also recently commented on AESI. Pickering Energy Partners downgraded Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Bank of America lowered their price objective on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, July 15th. Benchmark reaffirmed a "buy" rating and set a $27.00 target price on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Finally, Piper Sandler lowered their price target on Atlas Energy Solutions from $29.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, July 15th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $25.25.

Atlas Energy Solutions Trading Down 2.8 %

Shares of NYSE AESI traded down $0.60 during trading hours on Thursday, hitting $20.58. 1,172,491 shares of the company traded hands, compared to its average volume of 893,793. Atlas Energy Solutions has a 12 month low of $15.55 and a 12 month high of $24.93. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 10.60 and a beta of 0.69. 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's 50 day moving average price is $20.90 and its 200 day moving average price is $21.16.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm's revenue for the quarter was up 93.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. On average, equities research analysts anticipate that Atlas Energy Solutions will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $21.49, for a total transaction of $184,190.79. Following the completion of the sale, the insider now directly owns 934,746 shares of the company's stock, valued at approximately $20,087,691.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Stacy Hock sold 8,571 shares of the company's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $21.49, for a total transaction of $184,190.79. Following the transaction, the insider now directly owns 934,746 shares of the company's stock, valued at approximately $20,087,691.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the firm's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.50, for a total value of $205,000.00. Following the completion of the sale, the insider now directly owns 542,010 shares of the company's stock, valued at $11,111,205. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 60,869 shares of company stock worth $1,187,983 and have sold 45,713 shares worth $939,317. 24.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Atlas Energy Solutions by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company's stock worth $104,409,000 after acquiring an additional 33,286 shares during the period. Sei Investments Co. increased its holdings in Atlas Energy Solutions by 119.0% in the 1st quarter. Sei Investments Co. now owns 88,106 shares of the company's stock worth $1,993,000 after buying an additional 47,882 shares during the period. Quantbot Technologies LP purchased a new position in Atlas Energy Solutions during the 1st quarter worth approximately $592,000. Lazard Asset Management LLC acquired a new stake in Atlas Energy Solutions during the 1st quarter valued at approximately $8,728,000. Finally, Swiss National Bank acquired a new stake in Atlas Energy Solutions during the 1st quarter valued at approximately $893,000. 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.