Atlas Energy Solutions (NYSE:AESI) Receives "Sell (D+)" Rating from Weiss Ratings

Key Points

• Atlas Energy Solutions has received a "Sell (D+)" rating from Weiss Ratings, indicating a negative outlook on the stock.
• Multiple firms have reduced their price targets for Atlas Energy Solutions, with Citigroup lowering its target from $12.00 to $11.00 and Piper Sandler from $16.00 to $14.00.
• Currently, Atlas Energy Solutions has an average rating of "Hold" from analysts, with four "Buy" ratings, seven "Hold" ratings, and one "Sell" rating issued.

Atlas Energy Solutions (NYSE:AESI - Get Free Report)'s stock had its "sell (d+)" rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other research firms have also recently weighed in on AESI. Citigroup decreased their price target on Atlas Energy Solutions from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, October 1st. Piper Sandler decreased their price target on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Finally, Stifel Nicolaus decreased their price target on Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating for the company in a report on Monday, August 11th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $18.50.

Atlas Energy Solutions Stock Up 0.4%

NYSE AESI traded up $0.05 on Wednesday, reaching $11.57. The company had a trading volume of 471,396 shares, compared to its average volume of 1,721,963. The firm has a market capitalization of $1.43 billion, a PE ratio of 82.40 and a beta of 1.16. Atlas Energy Solutions has a 1 year low of $10.40 and a 1 year high of $26.86. The firm has a 50-day moving average of $11.53 and a 200-day moving average of $13.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.30.

Institutional Investors Weigh In On Atlas Energy Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Central Pacific Bank Trust Division raised its position in shares of Atlas Energy Solutions by 22.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 23,743 shares of the company's stock valued at $270,000 after acquiring an additional 4,286 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Atlas Energy Solutions by 308.8% during the 2nd quarter. Corient Private Wealth LLC now owns 93,655 shares of the company's stock valued at $1,252,000 after acquiring an additional 70,748 shares in the last quarter. GatePass Capital LLC raised its position in shares of Atlas Energy Solutions by 74.5% during the 2nd quarter. GatePass Capital LLC now owns 43,100 shares of the company's stock valued at $576,000 after acquiring an additional 18,400 shares in the last quarter. Osaic Holdings Inc. increased its position in Atlas Energy Solutions by 20.1% in the second quarter. Osaic Holdings Inc. now owns 11,888 shares of the company's stock worth $159,000 after buying an additional 1,989 shares during the period. Finally, Squarepoint Ops LLC increased its position in Atlas Energy Solutions by 64.5% in the second quarter. Squarepoint Ops LLC now owns 281,056 shares of the company's stock worth $3,758,000 after buying an additional 110,151 shares during the period. 34.59% of the stock is 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.

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