Atlas Energy Solutions’ (AESI) Neutral Rating Reaffirmed at Bank of America

Atlas Energy Solutions (NYSE:AESI)‘s stock had its “neutral” rating reaffirmed by equities researchers at Bank of America in a note issued to investors on Monday, MarketBeat.com reports. They currently have a $22.50 target price on the stock. Bank of America‘s target price suggests a potential downside of 0.75% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Raymond James lowered shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Barclays cut Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $23.00 to $19.00 in a report on Tuesday, November 12th. Finally, Pickering Energy Partners lowered Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Atlas Energy Solutions has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Atlas Energy Solutions Stock Up 4.6 %

Shares of AESI opened at $22.67 on Monday. Atlas Energy Solutions has a 52 week low of $15.55 and a 52 week high of $24.93. The firm has a market capitalization of $2.50 billion, a P/E ratio of 28.70, a P/E/G ratio of 11.53 and a beta of 1.03. The company has a 50-day simple moving average of $22.19 and a 200-day simple moving average of $21.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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%. Atlas Energy Solutions’s revenue was up 93.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. On average, equities research analysts expect that Atlas Energy Solutions will post 0.88 earnings per share for the current year.

Insider Activity

In other news, major shareholder Brian Anthony Leveille sold 30,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.02, for a total transaction of $720,600.00. Following the completion of the transaction, the insider now directly owns 432,010 shares in the company, valued at approximately $10,376,880.20. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Gregory M. Shepard purchased 1,797 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average price of $19.65 per share, for a total transaction of $35,311.05. Following the completion of the transaction, the insider now directly owns 7,507,194 shares in the company, valued at $147,516,362.10. This trade represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 60,869 shares of company stock worth $1,187,983 and sold 129,642 shares worth $2,904,721. 24.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Several large investors have recently bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Atlas Energy Solutions in the 3rd quarter valued at $48,000. Amalgamated Bank grew its stake in Atlas Energy Solutions by 328.1% in the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after acquiring an additional 1,801 shares during the period. FMR LLC increased its holdings in shares of Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after acquiring an additional 1,355 shares in the last quarter. CWM LLC raised its position in shares of Atlas Energy Solutions by 47.1% during the third quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after purchasing an additional 886 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Atlas Energy Solutions by 54.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,297 shares of the company’s stock valued at $107,000 after purchasing an additional 1,860 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Company Profile

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.