Atlas Energy Solutions (NYSE:AESI) Given New $14.50 Price Target at Stifel Nicolaus

Atlas Energy Solutions (NYSE:AESI - Get Free Report) had its target price dropped by research analysts at Stifel Nicolaus from $15.00 to $14.50 in a report released on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' target price would indicate a potential upside of 7.97% from the stock's current price.

AESI has been the topic of several other reports. 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 on the stock in a research note on Wednesday, May 7th. Citigroup reduced their target price on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Piper Sandler reaffirmed a "neutral" rating and set a $16.00 target price on shares of Atlas Energy Solutions in a research note on Tuesday. Finally, The Goldman Sachs Group reduced their price target on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Seven investment 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 company currently has an average rating of "Hold" and a consensus price target of $19.11.

Atlas Energy Solutions Price Performance

AESI traded down $0.18 during trading on Wednesday, hitting $13.43. The company's stock had a trading volume of 922,384 shares, compared to its average volume of 1,405,670. The company has a current ratio of 1.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 43.32 and a beta of 1.20. The business's fifty day simple moving average is $13.52 and its 200 day simple moving average is $16.85. Atlas Energy Solutions has a twelve month low of $11.76 and a twelve month high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $297.59 million during the quarter, compared to analyst estimates of $291.13 million. During the same quarter last year, the business earned $0.26 EPS. The firm's revenue for the quarter 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 EPS for the current fiscal year.

Insider Buying and Selling at Atlas Energy Solutions

In other news, Chairman Ben M. Brigham acquired 9,635 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was acquired at an average price of $13.38 per share, with a total value 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 represents a 1.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas G. Rogers bought 7,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was bought at an average price of $13.27 per share, with a total value of $92,890.00. Following the completion of the acquisition, the director owned 10,000 shares of the company's stock, valued at $132,700. This trade represents a 233.33% increase in their position. The disclosure for this purchase can be found here. 15.98% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its position in shares of Atlas Energy Solutions by 9.1% in the second quarter. State of Alaska Department of Revenue now owns 43,418 shares of the company's stock worth $579,000 after buying an additional 3,620 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Atlas Energy Solutions by 60.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 82,041 shares of the company's stock worth $1,158,000 after buying an additional 30,939 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Atlas Energy Solutions by 1.0% in the second quarter. Harbor Capital Advisors Inc. now owns 75,065 shares of the company's stock valued at $1,004,000 after purchasing an additional 725 shares during the last quarter. First Hawaiian Bank boosted its holdings in Atlas Energy Solutions by 5.2% in the first quarter. First Hawaiian Bank now owns 55,252 shares of the company's stock valued at $986,000 after purchasing an additional 2,748 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Atlas Energy Solutions by 12.1% in the first quarter. Rhumbline Advisers now owns 191,071 shares of the company's stock valued at $3,409,000 after purchasing an additional 20,662 shares during the last quarter. 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.