Atlas Energy Solutions (NYSE:AESI) Given “Underweight” Rating at Barclays

Atlas Energy Solutions (NYSE:AESI)‘s stock had its “underweight” rating reaffirmed by equities researchers at Barclays in a report issued on Friday, MarketBeat.com reports. They presently have a $7.00 target price on the stock, down from their previous target price of $11.00. Barclays‘s target price indicates a potential downside of 21.30% from the stock’s current price.

A number of other brokerages also recently weighed in on AESI. Stifel Nicolaus lowered their target price on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. Weiss Ratings raised shares of Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, November 7th. Citigroup lowered 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 research report on Wednesday, October 1st. Finally, Piper Sandler dropped their price target on Atlas Energy Solutions from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 16th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.94.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI traded up $0.01 on Friday, hitting $8.90. The company’s stock had a trading volume of 1,044,239 shares, compared to its average volume of 1,960,457. The company has a market capitalization of $1.10 billion, a PE ratio of -98.67 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.35 and a quick ratio of 1.09. The company has a 50-day simple moving average of $10.99 and a 200 day simple moving average of $12.32. Atlas Energy Solutions has a 1 year low of $8.18 and a 1 year high of $26.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new stake in Atlas Energy Solutions in the second quarter valued at $25,000. CWM LLC lifted its position in shares of Atlas Energy Solutions by 244.4% in the 2nd quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after purchasing an additional 1,586 shares during the period. Centerpoint Advisors LLC boosted its stake in shares of Atlas Energy Solutions by 270.6% during the 3rd quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock valued at $32,000 after purchasing an additional 2,081 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Atlas Energy Solutions by 201.8% during the 1st 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 purchased a new stake in Atlas Energy Solutions in the second quarter worth about $36,000. 34.59% of the stock is owned by 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.