2 weeks Ago By ABMN Staff
Atlas Energy Solutions ( NYSE:AESI – Get Free Report ) had its price objective decreased by stock analysts at The Goldman Sachs Group from $28.00 to $25.00 in a research note issued to investors on Thursday, Benzinga reports.
The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 18.54% from the company’s current price.
A number of other brokerages have also recently weighed in on AESI. Royal Bank of Canada dropped their price objective on shares of Atlas Energy Solutions from $27.00 to $26.
00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Benchmark restated a “buy” rating and issued a $27.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th.
Stephens reiterated an “overweight” rating and set a $28.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Tudor, Pickering, Holt & Co.
initiated coverage on shares of Atlas Energy Solutions in a report on Monday, June 24th. They issued a “buy” rating on the stock. Finally, Piper Sandler decreased their price target on shares of Atlas Energy Solutions from $29.
00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock.
According to MarketBeat, Atlas Energy Solutions currently has a consensus rating of “Buy” and a consensus price target of $26.25. Check Out Our Latest Report on AESI Atlas Energy Solutions Price Performance Atlas Energy Solutions ( NYSE:AESI – Get Free Report ) last issued its earnings results on Monday, August 5th.
The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.
18). The company had revenue of $287.52 million during the quarter, compared to analysts’ expectations of $270.
55 million. Atlas Energy Solutions had a net margin of 19.98% and a return on equity of 29.
56%. The company’s quarterly revenue was up 77.7% on a year-over-year basis.
During the same period last year, the business posted $0.69 earnings per share. As a group, analysts predict that Atlas Energy Solutions will post 1.
86 earnings per share for the current fiscal year. Insider Transactions at Atlas Energy Solutions In other news, major shareholder Gregory M. Shepard bought 60,393 shares of the firm’s stock in a transaction dated Thursday, June 20th.
The stock was bought at an average price of $19.05 per share, for a total transaction of $1,150,486.65.
Following the transaction, the insider now owns 7,383,018 shares in the company, valued at $140,646,492.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link .
In related news, major shareholder Stacy Hock sold 8,574 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $19.76, for a total value of $169,422.
24. Following the sale, the insider now owns 969,030 shares of the company’s stock, valued at approximately $19,148,032.80.
The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Also, major shareholder Gregory M. Shepard bought 60,393 shares of Atlas Energy Solutions stock in a transaction on Thursday, June 20th.
The shares were purchased at an average cost of $19.05 per share, with a total value of $1,150,486.65.
Following the completion of the purchase, the insider now directly owns 7,383,018 shares in the company, valued at $140,646,492.90. The disclosure for this purchase can be found here .
Over the last 90 days, insiders have purchased 134,526 shares of company stock valued at $2,611,884 and have sold 25,716 shares valued at $513,205. Corporate insiders own 24.34% of the company’s stock.
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently modified their holdings of AESI. Vanguard Group Inc. raised its holdings in Atlas Energy Solutions by 0.
7% during the first quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock worth $104,409,000 after purchasing an additional 33,286 shares in the last quarter.
Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Atlas Energy Solutions by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company’s stock worth $53,740,000 after buying an additional 30,082 shares in the last quarter.
Meridian Wealth Advisors LLC raised its stake in shares of Atlas Energy Solutions by 25.8% in the 2nd quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company’s stock worth $53,362,000 after buying an additional 548,620 shares in the last quarter.
Janus Henderson Group PLC lifted its holdings in shares of Atlas Energy Solutions by 26.9% in the first quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock valued at $57,392,000 after buying an additional 537,927 shares during the period.
Finally, Whitebox Advisors LLC bought a new position in Atlas Energy Solutions during the first quarter valued at about $49,712,000. Institutional investors own 34.59% of the company’s stock.
Atlas Energy Solutions Company Profile ( Get Free Report ) 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.
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