Atlas Energy Solutions (NYSE:AESI) Stock Rating Reaffirmed by Benchmark

Atlas Energy Solutions (NYSE:AESI)‘s stock had its “buy” rating restated by research analysts at Benchmark in a research report issued on Tuesday, Benzinga reports. They presently have a $27.00 price objective on the stock. Benchmark’s target price points to a potential upside of 41.03% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Tudor Pickering upgraded Atlas Energy Solutions to a “strong-buy” rating in a research report on Monday, June 24th. Bank of America dropped their target price on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, July 15th. The Goldman Sachs Group increased their price target on shares of Atlas Energy Solutions from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Tudor, Pickering, Holt & Co. started coverage on shares of Atlas Energy Solutions in a research report on Monday, June 24th. They set a “buy” rating for the company. Finally, Raymond James upped their price objective on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 16th. Nine investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $26.56.

Atlas Energy Solutions Price Performance

AESI opened at $19.15 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.24 and a quick ratio of 2.05. The stock’s 50 day simple moving average is $20.59 and its 200 day simple moving average is $20.87. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 4.88 and a beta of 0.56. Atlas Energy Solutions has a 1 year low of $15.55 and a 1 year high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). Atlas Energy Solutions had a net margin of 19.98% and a return on equity of 29.56%. The firm had revenue of $192.67 million for the quarter, compared to the consensus estimate of $196.39 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, analysts predict that Atlas Energy Solutions will post 1.86 earnings per share for the current year.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Chad M. Mcever sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $24.55, for a total value of $2,455,000.00. Following the completion of the transaction, the insider now directly owns 451,755 shares in the company, valued at approximately $11,090,585.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Atlas Energy Solutions news, major shareholder Chad M. Mcever sold 100,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $24.55, for a total value of $2,455,000.00. Following the sale, the insider now owns 451,755 shares in the company, valued at approximately $11,090,585.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Richard W. Schmidt sold 45,948 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $23.06, for a total transaction of $1,059,560.88. Following the transaction, the insider now directly owns 983,315 shares of the company’s stock, valued at approximately $22,675,243.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 134,526 shares of company stock worth $2,611,884 and have sold 163,093 shares worth $3,854,460. Company insiders own 24.34% of the company’s stock.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. increased its position in shares of Atlas Energy Solutions by 313.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after purchasing an additional 1,308 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Atlas Energy Solutions during the first quarter valued at $78,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Atlas Energy Solutions in the second quarter valued at $74,000. nVerses Capital LLC bought a new stake in shares of Atlas Energy Solutions in the 2nd quarter worth about $106,000. Finally, Bessemer Group Inc. purchased a new position in shares of Atlas Energy Solutions during the 1st quarter worth about $154,000. Institutional investors 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.