Atlas Energy Solutions Inc. (NYSE:AESI) Receives $15.94 Average Price Target from Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have received a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $15.9444.

Several equities research analysts have recently issued reports on the company. Barclays reaffirmed an “underweight” rating and issued a $7.00 price objective (down from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Atlas Energy Solutions in a research report on Monday. Citigroup dropped their price objective on shares of Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and reduced their target price for the company from $12.00 to $8.00 in a research note on Thursday, November 20th. Finally, Piper Sandler dropped their price target on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, November 17th.

Atlas Energy Solutions Stock Up 0.1%

Shares of NYSE AESI opened at $10.44 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. Atlas Energy Solutions has a 12-month low of $7.64 and a 12-month high of $26.86. The firm’s 50-day moving average price is $10.16 and its 200-day moving average price is $11.75. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -116.00 and a beta of 1.29.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Steadtrust LLC bought a new stake in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $227,000. CIBC Bancorp USA Inc. purchased a new stake in Atlas Energy Solutions in the third quarter worth $311,000. Wilmington Savings Fund Society FSB lifted its position in shares of Atlas Energy Solutions by 47.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 22,680 shares of the company’s stock worth $258,000 after purchasing an additional 7,310 shares during the last quarter. Pine Ridge Advisers LLC boosted its stake in shares of Atlas Energy Solutions by 23.2% during the third quarter. Pine Ridge Advisers LLC now owns 1,494,071 shares of the company’s stock valued at $16,988,000 after purchasing an additional 281,091 shares during the period. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Atlas Energy Solutions during the third quarter valued at $1,688,000. 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.