Weiss Ratings Reaffirms Sell (D+) Rating for Atlas Energy Solutions (NYSE:AESI)

Atlas Energy Solutions (NYSE:AESI)‘s stock had its “sell (d+)” rating restated by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the company. Piper Sandler cut their price objective on Atlas Energy Solutions from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Stifel Nicolaus cut their price objective on Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Finally, Citigroup cut their price objective on Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Atlas Energy Solutions presently has an average rating of “Hold” and an average price target of $18.50.

Atlas Energy Solutions Stock Performance

Shares of Atlas Energy Solutions stock opened at $11.10 on Wednesday. The stock’s fifty day moving average is $11.46 and its two-hundred day moving average is $13.08. The company has a market capitalization of $1.37 billion, a PE ratio of 79.29 and a beta of 1.16. The company has a quick ratio of 1.30, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. Atlas Energy Solutions has a 52 week low of $10.40 and a 52 week high of $26.86.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in AESI. EverSource Wealth Advisors LLC bought a new position in shares of Atlas Energy Solutions during the 2nd quarter worth $25,000. CWM LLC boosted its position in Atlas Energy Solutions by 244.4% during the second quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $30,000 after purchasing an additional 1,586 shares in the last quarter. Fifth Third Bancorp boosted its position in Atlas Energy Solutions by 1,240.1% during the first quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $35,000 after purchasing an additional 1,823 shares in the last quarter. Larson Financial Group LLC boosted its position in Atlas Energy Solutions by 201.8% during the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock valued at $35,000 after purchasing an additional 1,316 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Atlas Energy Solutions during the second quarter valued at about $36,000. Institutional investors own 34.59% of the company’s stock.

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.