Bank of America Securities analyst Saurabh Pant reiterated a Buy rating on Atlas Energy Solutions (AESI – Research Report) yesterday and set a price target of $24.00. The company’s shares closed yesterday at $21.40.
According to TipRanks, Pant is a 3-star analyst with an average return of 5.8% and a 63.16% success rate. Pant covers the Energy sector, focusing on stocks such as Baker Hughes Company, Halliburton, and Patterson-UTI.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Atlas Energy Solutions with a $24.40 average price target, implying a 14.02% upside from current levels. In a report released yesterday, Piper Sandler also assigned a Buy rating to the stock with a $27.00 price target.
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The company has a one-year high of $21.50 and a one-year low of $14.93. Currently, Atlas Energy Solutions has an average volume of 311.3K.
Based on the recent corporate insider activity of 15 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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