Stifel Nicolaus Issues Pessimistic Forecast for Atlas Energy Solutions (NYSE:AESI) Stock Price

Atlas Energy Solutions (NYSE:AESI - Get Free Report) had its price target dropped by research analysts at Stifel Nicolaus from $15.00 to $14.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 6.48% from the company's current price.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group reduced their price objective on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Citigroup reduced their price objective on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Piper Sandler reiterated a "neutral" rating and issued a $16.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday. Finally, Royal Bank Of Canada dropped 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. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $19.11.

Atlas Energy Solutions Stock Up 2.8%

Shares of NYSE:AESI traded up $0.37 during midday trading on Wednesday, reaching $13.62. The company had a trading volume of 1,547,284 shares, compared to its average volume of 1,400,392. Atlas Energy Solutions has a 1-year low of $11.76 and a 1-year high of $26.86. The company has a quick ratio of 1.40, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.68 billion, a PE ratio of 43.93 and a beta of 1.20. The business's 50 day moving average price is $13.47 and its 200 day moving average price is $17.00.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly 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 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 the consensus estimate of $291.13 million. During the same quarter in the previous year, the business posted $0.26 EPS. The company's revenue for the quarter was up 54.5% on a year-over-year basis. Research analysts forecast that Atlas Energy Solutions will post 0.83 EPS for the current fiscal year.

Insider Activity at Atlas Energy Solutions

In other news, Chairman Ben M. Brigham acquired 9,635 shares of the stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $13.38 per share, for a total transaction of $128,916.30. Following the completion of the transaction, the chairman directly owned 572,397 shares in the company, valued at approximately $7,658,671.86. This trade represents a 1.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Douglas G. Rogers acquired 7,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were purchased at an average price of $13.27 per share, with a total value of $92,890.00. Following the completion of the transaction, the director owned 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. 15.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of Atlas Energy Solutions during the fourth quarter worth $27,000. Tower Research Capital LLC TRC grew its stake in shares of Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock worth $31,000 after purchasing an additional 1,047 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Atlas Energy Solutions by 201.8% in the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company's stock worth $35,000 after purchasing an additional 1,316 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Atlas Energy Solutions by 1,240.1% in the first quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock worth $35,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in shares of Atlas Energy Solutions in the first quarter worth $55,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.