Atlas Energy Solutions (NYSE:AESI) Price Target Lowered to $15.00 at The Goldman Sachs Group

Atlas Energy Solutions (NYSE:AESI) had its price target reduced by equities researchers at The Goldman Sachs Group from $22.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 9.21% from the company’s previous close.

A number of other analysts have also commented on AESI. Bank of America reissued a “neutral” rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Piper Sandler began coverage on shares of Atlas Energy Solutions in a research report on Wednesday, March 12th. They set an “overweight” rating and a $22.00 target price on the stock. Barclays decreased their price target on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, April 2nd. Finally, Stephens boosted their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.94.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $13.74 on Thursday. Atlas Energy Solutions has a one year low of $12.41 and a one year high of $26.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 17.39 and a beta of 1.20. The firm has a 50 day simple moving average of $18.34 and a 200 day simple moving average of $20.76.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. Research analysts predict that Atlas Energy Solutions will post 0.83 earnings per share for the current fiscal year.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the completion of the sale, the insider now directly owns 897,604 shares of the company’s stock, valued at approximately $20,196,090. The trade was a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $23.88, for a total transaction of $119,400.00. Following the transaction, the insider now directly owns 382,010 shares in the company, valued at $9,122,398.80. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,000 shares of company stock valued at $830,150 in the last ninety days. 24.34% of the stock is owned by company insiders.

Institutional Trading of Atlas Energy Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Atlas Energy Solutions in the fourth quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC raised its position in shares of Atlas Energy Solutions by 62.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after purchasing an additional 523 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Atlas Energy Solutions by 307.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock worth $31,000 after purchasing an additional 1,047 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Atlas Energy Solutions by 191.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock worth $43,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Promus Capital LLC acquired a new stake in Atlas Energy Solutions in the 4th quarter valued at $55,000. 34.59% of the stock is owned by institutional investors.

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.