Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Rating of “Moderate Buy” from Analysts

Atlas Energy Solutions Inc. (NYSE:AESI) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.50.

A number of research analysts have issued reports on AESI shares. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a report on Friday, December 13th. They set a “neutral” rating and a $23.00 price objective for the company. Royal Bank of Canada lifted their price target on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Benchmark boosted their target price on Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Barclays boosted their price objective on Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Brian Anthony Leveille sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.17, for a total transaction of $115,850.00. Following the transaction, the insider now directly owns 409,510 shares of the company’s stock, valued at approximately $9,488,346.70. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $21.96, for a total value of $219,600.00. Following the transaction, the insider now directly owns 907,604 shares in the company, valued at $19,930,983.84. The trade was a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 116,071 shares of company stock worth $2,708,851 in the last 90 days. Corporate insiders own 24.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Atlas Energy Solutions by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company’s stock worth $153,382,000 after acquiring an additional 773,035 shares during the last quarter. First Trust Advisors LP grew its holdings in Atlas Energy Solutions by 31.5% in the 4th quarter. First Trust Advisors LP now owns 3,908,810 shares of the company’s stock valued at $86,697,000 after buying an additional 935,410 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Atlas Energy Solutions by 25.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company’s stock valued at $75,197,000 after buying an additional 689,846 shares in the last quarter. Copeland Capital Management LLC grew its holdings in Atlas Energy Solutions by 19.3% in the 4th 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 in the last quarter. Finally, State Street Corp grew its holdings in Atlas Energy Solutions by 15.0% in the 3rd quarter. State Street Corp now owns 1,751,059 shares of the company’s stock valued at $38,173,000 after buying an additional 227,776 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Up 3.7 %

Shares of AESI stock opened at $21.85 on Wednesday. The stock has a market cap of $2.41 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 6.39 and a beta of 1.03. Atlas Energy Solutions has a one year low of $17.39 and a one year high of $26.86. The stock has a fifty day moving average price of $22.68 and a 200 day moving average price of $21.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08.

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.