In a report released today, Chase Mulvehill from Bank of America Securities initiated coverage with a Buy rating on Atlas Energy Solutions (AESI – Research Report) and a price target of $23.00. The company’s shares closed last Friday at $17.03.
Mulvehill covers the Industrial Goods sector, focusing on stocks such as Oneok, Chart Industries, and Energy Transfer. According to TipRanks, Mulvehill has an average return of -4.7% and a 44.90% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Atlas Energy Solutions with a $24.60 average price target, which is a 44.45% upside from current levels. In a report released today, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $22.00 price target.
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The company has a one-year high of $17.86 and a one-year low of $15.06. Currently, Atlas Energy Solutions has an average volume of 1.09M.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AESI in relation to earlier this year.
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Atlas Energy Solutions Inc is a provider of proppant and logistics services to the oil and natural gas industry within the Permian Basin of West Texas and New Mexico, the most active oil and natural gas basin in North America.
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