Atlas Energy Solutions' (AESI) Sell (D+) Rating Reiterated at Weiss Ratings

Key Points

• Atlas Energy Solutions' stock has a strong "sell (D+)" rating reaffirmed by Weiss Ratings, indicating concerns about the company's performance.
• Price targets for Atlas Energy Solutions have been reduced by multiple analysts, with Piper Sandler cutting its target from $14.00 to $12.00 and Barclays lowering it from $12.00 to $11.00.
• Currently, the stock trades at $10.55, reflecting a 1-year low of $10.01 and a market capitalization of $1.31 billion.

Atlas Energy Solutions (NYSE:AESI - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Piper Sandler dropped their price objective on shares of Atlas Energy Solutions from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, October 16th. Stifel Nicolaus decreased their price objective on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating for the company in a report on Monday, August 11th. Barclays cut their target price on shares of Atlas Energy Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Monday, October 13th. Finally, Citigroup reduced their price target on shares of Atlas Energy Solutions from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of "Hold" and an average target price of $17.39.

Atlas Energy Solutions Stock Down 0.4%

AESI stock traded down $0.04 during trading on Friday, reaching $10.55. The stock had a trading volume of 1,074,064 shares, compared to its average volume of 1,760,596. Atlas Energy Solutions has a 1-year low of $10.01 and a 1-year high of $26.86. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.31 billion, a P/E ratio of 75.61 and a beta of 1.16. The firm has a fifty day moving average price of $11.16 and a 200 day moving average price of $12.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Atlas Energy Solutions during the 1st quarter worth about $912,000. Alpine Woods Capital Investors LLC increased its holdings in shares of Atlas Energy Solutions by 1,360.8% during the first quarter. Alpine Woods Capital Investors LLC now owns 228,082 shares of the company's stock worth $4,069,000 after buying an additional 212,469 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Atlas Energy Solutions by 65.5% during the first quarter. DAVENPORT & Co LLC now owns 75,800 shares of the company's stock worth $1,352,000 after buying an additional 30,000 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Atlas Energy Solutions by 9.6% during the first quarter. Envestnet Asset Management Inc. now owns 381,094 shares of the company's stock worth $6,799,000 after buying an additional 33,404 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Atlas Energy Solutions by 13.1% during the first quarter. Amalgamated Bank now owns 20,592 shares of the company's stock worth $367,000 after buying an additional 2,383 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.

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