Atlas Energy Solutions (NYSE:AESI) PT Lowered to $25.00

Atlas Energy Solutions (NYSE:AESI) had its target price dropped by research analysts at Royal Bank of Canada from $26.00 to $25.00 in a report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 22.25% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group 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 note on Thursday, August 29th. Bank of America cut their price target on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Stephens reaffirmed an “overweight” rating and issued a $28.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Tudor, Pickering, Holt & Co. initiated coverage on shares of Atlas Energy Solutions in a research report on Monday, June 24th. They set a “buy” rating on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $27.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $26.13.

Atlas Energy Solutions Trading Down 0.6 %

NYSE:AESI opened at $20.45 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.53 and a quick ratio of 1.35. Atlas Energy Solutions has a one year low of $15.55 and a one year high of $24.93. The company has a market cap of $2.25 billion, a PE ratio of 16.23, a PEG ratio of 6.47 and a beta of 0.56. The firm has a 50-day moving average of $20.89 and a 200-day moving average of $21.51.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). Atlas Energy Solutions had a return on equity of 16.75% and a net margin of 13.71%. The company had revenue of $287.52 million for the quarter, compared to the consensus estimate of $270.55 million. During the same period in the prior year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 77.7% on a year-over-year basis. As a group, equities research analysts expect that Atlas Energy Solutions will post 1.48 EPS 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 business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $20.22, for a total value of $173,305.62. Following the sale, the insider now directly owns 951,888 shares in the company, valued at $19,247,175.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $20.22, for a total value of $173,305.62. Following the completion of the transaction, the insider now owns 951,888 shares in the company, valued at $19,247,175.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Gregory M. Shepard purchased 3,248 shares of the stock in a transaction dated Thursday, July 18th. The stock was acquired at an average cost of $21.68 per share, for a total transaction of $70,416.64. Following the transaction, the insider now owns 7,503,197 shares of the company’s stock, valued at approximately $162,669,310.96. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 25,713 shares of company stock valued at $524,117. Company insiders own 24.34% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Atlas Energy Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock valued at $104,409,000 after acquiring an additional 33,286 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Atlas Energy Solutions by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company’s stock valued at $53,740,000 after purchasing an additional 30,082 shares during the period. Meridian Wealth Advisors LLC grew its position in shares of Atlas Energy Solutions by 25.8% during the 2nd quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company’s stock valued at $53,362,000 after purchasing an additional 548,620 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Atlas Energy Solutions by 26.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock valued at $57,392,000 after purchasing an additional 537,927 shares in the last quarter. Finally, Whitebox Advisors LLC bought a new position in shares of Atlas Energy Solutions in the first quarter worth $49,712,000. 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.