Stifel Nicolaus Begins Coverage on Atlas Energy Solutions (NYSE:AESI)

Investment analysts at Stifel Nicolaus assumed coverage on shares of Atlas Energy Solutions (NYSE:AESI) in a report released on Wednesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $15.00 price target on the stock. Stifel Nicolaus’ price target suggests a potential upside of 19.33% from the company’s previous close.

Several other brokerages have also recently issued reports on AESI. Barclays dropped their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Stephens raised their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Piper Sandler dropped their target price on Atlas Energy Solutions from $22.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Royal Bank of Canada dropped their target price on Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Finally, Benchmark dropped their target price on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.28.

Atlas Energy Solutions Trading Down 0.4%

Atlas Energy Solutions stock opened at $12.57 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. Atlas Energy Solutions has a one year low of $11.76 and a one year high of $26.86. The stock has a market capitalization of $1.55 billion, a PE ratio of 15.91 and a beta of 1.34. The business’s fifty day moving average is $14.68 and its 200 day moving average is $19.30.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings data on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $297.59 million for the quarter, compared to analysts’ expectations of $291.13 million. During the same period last year, the business earned $0.26 earnings per share. The company’s quarterly revenue was up 54.5% on a year-over-year basis. On average, sell-side analysts predict that Atlas Energy Solutions will post 0.83 EPS for the current year.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, Chairman Ben M. Brigham acquired 9,635 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were bought at an average price of $13.38 per share, with a total value of $128,916.30. Following the transaction, the chairman now directly owns 572,397 shares of the company’s stock, valued at $7,658,671.86. The trade was a 1.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Douglas G. Rogers acquired 7,000 shares of the business’s stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $13.27 per share, for a total transaction of $92,890.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $132,700. The trade was a 233.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 48,790 shares of company stock worth $834,038. 15.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds have recently made changes to their positions in AESI. Vanguard Group Inc. grew its position in shares of Atlas Energy Solutions by 16.5% during the 1st quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company’s stock worth $143,695,000 after buying an additional 1,139,352 shares in the last quarter. First Trust Advisors LP grew its position in shares of Atlas Energy Solutions by 31.5% during the 4th quarter. First Trust Advisors LP now owns 3,908,810 shares of the company’s stock worth $86,697,000 after buying an additional 935,410 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Atlas Energy Solutions by 25.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company’s stock worth $75,197,000 after buying an additional 689,846 shares in the last quarter. Copeland Capital Management LLC grew its position in shares of Atlas Energy Solutions by 42.5% during the 1st quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company’s stock worth $57,152,000 after buying an additional 955,818 shares in the last quarter. Finally, Cooke & Bieler LP grew its position in shares of Atlas Energy Solutions by 2.3% during the 1st quarter. Cooke & Bieler LP now owns 2,600,093 shares of the company’s stock worth $46,386,000 after buying an additional 57,546 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other 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.