Piper Sandler Reiterates Neutral Rating for Atlas Energy Solutions (NYSE:AESI)

Atlas Energy Solutions (NYSE:AESI - Get Free Report)'s stock had its "neutral" rating reiterated by research analysts at Piper Sandler in a research report issued on Tuesday, Marketbeat Ratings reports. They currently have a $16.00 target price on the stock. Piper Sandler's price objective points to a potential upside of 19.18% from the stock's previous close.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus began coverage on shares of Atlas Energy Solutions in a research report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price target for the company. Royal Bank Of Canada decreased their price target on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. The Goldman Sachs Group decreased their price target on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, Citigroup decreased their price target on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $19.11.

Atlas Energy Solutions Trading Down 1.4%

Shares of NYSE AESI traded down $0.19 during trading on Tuesday, hitting $13.43. 434,219 shares of the company traded hands, compared to its average volume of 1,398,172. Atlas Energy Solutions has a 1 year low of $11.76 and a 1 year high of $26.86. The company has a 50-day moving average price of $13.50 and a 200-day moving average price of $16.94. The firm has a market capitalization of $1.66 billion, a P/E ratio of 43.31 and a beta of 1.20. The company has a quick ratio of 1.40, a current ratio of 1.62 and a debt-to-equity ratio of 0.38.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). Atlas Energy Solutions had a return on equity of 4.99% and a net margin of 2.96%. The business had revenue of $297.59 million for the quarter, compared to analysts' expectations of $291.13 million. During the same period last year, the company posted $0.26 earnings per share. The firm's revenue for the quarter was up 54.5% on a year-over-year basis. On average, equities analysts predict that Atlas Energy Solutions will post 0.83 EPS for the current year.

Insider Transactions at Atlas Energy Solutions

In related news, Chairman Ben M. Brigham bought 9,635 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average price of $13.38 per share, for a total transaction of $128,916.30. Following the purchase, the chairman owned 572,397 shares in the company, valued at $7,658,671.86. This trade represents a 1.71% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Douglas G. Rogers bought 7,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $13.27 per share, for a total transaction of $92,890.00. Following the purchase, the director owned 10,000 shares in the company, valued at approximately $132,700. This represents a 233.33% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 15.98% of the company's stock.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of institutional investors have recently modified their holdings of AESI. Quarry LP acquired a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at about $27,000. Tower Research Capital LLC TRC raised its stake in shares of Atlas Energy Solutions by 307.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock valued at $31,000 after purchasing an additional 1,047 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Atlas Energy Solutions by 1,240.1% in the 1st quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock valued at $35,000 after purchasing an additional 1,823 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Atlas Energy Solutions by 201.8% in the 1st quarter. Larson Financial Group LLC now owns 1,968 shares of the company's stock valued at $35,000 after purchasing an additional 1,316 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Atlas Energy Solutions in the 1st quarter valued at about $55,000. Institutional investors and hedge funds 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.