Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Rating of “Hold” from Brokerages

Atlas Energy Solutions Inc. (NYSE:AESI) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $15.9444.

Several research analysts have recently weighed in on the company. Stifel Nicolaus reduced their target price on Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating for the company in a research note on Monday, August 11th. Barclays restated an “underweight” rating and set a $7.00 price objective (down from $11.00) on shares of Atlas Energy Solutions in a research report on Friday, November 14th. Citigroup decreased their price objective on shares of Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Piper Sandler reduced 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 report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Atlas Energy Solutions in a research note on Monday, December 1st.

Institutional Trading of Atlas Energy Solutions

Several large investors have recently made changes to their positions in AESI. Encompass Capital Advisors LLC acquired a new stake in shares of Atlas Energy Solutions in the 1st quarter worth $43,614,000. Nuveen LLC purchased a new stake in shares of Atlas Energy Solutions in the first quarter valued at about $26,956,000. Vanguard Group Inc. increased its position in Atlas Energy Solutions by 16.5% during the first quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company’s stock worth $143,695,000 after purchasing an additional 1,139,352 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new position in Atlas Energy Solutions during the first quarter worth about $18,844,000. Finally, Liontrust Investment Partners LLP boosted its holdings in Atlas Energy Solutions by 5,408.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 1,075,400 shares of the company’s stock valued at $14,378,000 after purchasing an additional 1,055,876 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $9.71 on Tuesday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -107.83 and a beta of 1.30. The stock has a 50-day moving average of $10.22 and a 200 day moving average of $11.78. 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 twelve month low of $7.64 and a twelve month high of $26.86.

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.