Atlas Energy Solutions' (AESI) Neutral Rating Reiterated at Piper Sandler

Atlas Energy Solutions (NYSE:AESI - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at Piper Sandler in a note issued to investors on Tuesday, Marketbeat reports. They currently have a $16.00 price target on the stock. Piper Sandler's target price suggests a potential upside of 20.68% from the stock's current price.

A number of other research analysts have also recently weighed in on the company. Royal Bank Of Canada dropped their price target on 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. Stifel Nicolaus assumed coverage on Atlas Energy Solutions in a research report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price target for the company. Citigroup dropped their price target on 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. Finally, The Goldman Sachs Group dropped their price target on 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. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $19.11.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock traded down $0.09 during midday trading on Tuesday, reaching $13.26. The company's stock had a trading volume of 965,537 shares, compared to its average volume of 1,399,805. Atlas Energy Solutions has a fifty-two week low of $11.76 and a fifty-two week high of $26.86. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.40 and a current ratio of 1.62. The stock's 50 day simple moving average is $13.47 and its 200 day simple moving average is $17.00. The firm has a market capitalization of $1.64 billion, a PE ratio of 42.77 and a beta of 1.20.

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

Insider Transactions at Atlas Energy Solutions

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

Institutional Trading of Atlas Energy Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Atlas Energy Solutions by 16.5% in the 1st quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company's stock valued at $143,695,000 after buying an additional 1,139,352 shares during the period. 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 during the period. 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 during the period. Copeland Capital Management LLC grew its holdings in Atlas Energy Solutions by 42.5% in the 1st quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock valued at $57,152,000 after buying an additional 955,818 shares during the period. Finally, Cooke & Bieler LP grew its holdings in Atlas Energy Solutions by 2.3% in the 1st quarter. Cooke & Bieler LP now owns 2,600,093 shares of the company's stock valued at $46,386,000 after buying an additional 57,546 shares during the period. 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.