Atlas Energy Solutions (NYSE:AESI) Coverage Initiated by Analysts at The Goldman Sachs Group

Research analysts at The Goldman Sachs Group started coverage on shares of Atlas Energy Solutions (NYSE:AESI) in a research note issued on Friday. The firm set a “neutral” rating and a $23.00 price target on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 1.01% from the company’s current price.

AESI has been the subject of a number of other reports. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Barclays lowered Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $23.00 to $19.00 in a research report on Tuesday, November 12th. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Finally, Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Atlas Energy Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Atlas Energy Solutions Trading Up 0.7 %

Shares of NYSE:AESI traded up $0.15 during midday trading on Friday, hitting $22.77. 161,982 shares of the stock traded hands, compared to its average volume of 959,419. Atlas Energy Solutions has a one year low of $15.55 and a one year high of $24.93. The stock has a market capitalization of $2.51 billion, a PE ratio of 28.85, a P/E/G ratio of 11.53 and a beta of 0.96. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $21.41 and its two-hundred day moving average is $21.04.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.25). The business had revenue of $304.40 million for the quarter, compared to analysts’ expectations of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Atlas Energy Solutions’s quarterly revenue was up 93.1% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. As a group, research analysts forecast that Atlas Energy Solutions will post 0.88 earnings per share for the current year.

Insider Activity

In other news, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $23.95, for a total transaction of $299,375.00. Following the transaction, the insider now owns 419,510 shares in the company, valued at $10,047,264.50. This trade represents a 2.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Gregory M. Shepard acquired 1,797 shares of Atlas Energy Solutions stock in a transaction dated Friday, October 18th. The stock was bought at an average price of $19.65 per share, with a total value of $35,311.05. Following the completion of the purchase, the insider now directly owns 7,507,194 shares in the company, valued at $147,516,362.10. This represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 60,869 shares of company stock valued at $1,187,983 and have sold 119,642 shares valued at $2,650,185. Insiders own 24.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its holdings in Atlas Energy Solutions by 313.7% during the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after acquiring an additional 1,308 shares during the period. Quest Partners LLC bought a new stake in Atlas Energy Solutions during the 3rd quarter valued at approximately $48,000. Amalgamated Bank lifted its holdings in Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after purchasing an additional 1,801 shares in the last quarter. FMR LLC boosted its stake in Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after purchasing an additional 1,355 shares during the period. Finally, CWM LLC grew its holdings in Atlas Energy Solutions by 47.1% during the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after buying an additional 886 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

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.