Atlas Energy Solutions (NYSE:AESI) Earns Buy Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Atlas Energy Solutions (NYSE:AESI - Get Free Report) in a research report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $15.00 price target on the stock. Stifel Nicolaus' price target would suggest a potential upside of 13.03% from the company's current price.

A number of other equities analysts also recently issued reports on AESI. Barclays lowered their price objective on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada decreased their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. The Goldman Sachs Group lowered their target price on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Benchmark cut their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup decreased their price objective on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.28.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $13.27 on Wednesday. The firm's fifty day moving average price is $14.89 and its two-hundred day moving average price is $19.40. The firm has a market capitalization of $1.64 billion, a P/E ratio of 16.75 and a beta of 1.34. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions has a 1 year low of $11.76 and a 1 year high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). The firm had revenue of $297.59 million during the quarter, compared to analyst estimates of $291.13 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business's quarterly revenue was up 54.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. As a group, research analysts anticipate that Atlas Energy Solutions will post 0.83 EPS for the current year.

Insider Buying and Selling

In other Atlas Energy Solutions news, Chairman Ben M. Brigham acquired 9,635 shares of the stock in a transaction dated Wednesday, May 14th. The stock was purchased at an average price of $13.38 per share, with a total value of $128,916.30. Following the transaction, the chairman now directly owns 572,397 shares of the company's stock, valued at $7,658,671.86. This trade represents a 1.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas G. Rogers acquired 7,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were bought at an average price of $13.27 per share, for a total transaction of $92,890.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $132,700. This represents a 233.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 48,790 shares of company stock worth $834,038. Corporate insiders own 15.98% of the company's stock.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Prudential Financial Inc. purchased a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $1,366,000. Louisiana State Employees Retirement System purchased a new position in shares of Atlas Energy Solutions during the 4th quarter worth $650,000. Hodges Capital Management Inc. raised its stake in Atlas Energy Solutions by 44.7% during the fourth quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company's stock worth $4,302,000 after purchasing an additional 59,940 shares during the period. Northern Trust Corp lifted its stake in shares of Atlas Energy Solutions by 11.8% in the 4th quarter. Northern Trust Corp now owns 898,253 shares of the company's stock valued at $19,923,000 after purchasing an additional 94,949 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Atlas Energy Solutions by 12.6% during the fourth quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock worth $153,382,000 after buying an additional 773,035 shares during the period. Institutional investors and hedge funds 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.

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