Atlas Energy Solutions Inc. (NYSE:AESI) Receives $17.12 Average Target Price from Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $17.1250.

Several equities research analysts have commented on AESI shares. Raymond James Financial upgraded shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Tuesday, June 2nd. Stifel Nicolaus decreased their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. The Goldman Sachs Group set a $12.00 price target on Atlas Energy Solutions in a research report on Friday, August 7th. Citigroup dropped their price target on Atlas Energy Solutions from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Finally, Weiss Ratings cut Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 7th.

Institutional Investors Weigh In On Atlas Energy Solutions

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new position in Atlas Energy Solutions during the second quarter valued at about $25,000. Quarry LP purchased a new position in Atlas Energy Solutions in the third quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its stake in Atlas Energy Solutions by 91,500.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after acquiring an additional 2,745 shares during the last quarter. Islay Capital Management LLC purchased a new position in Atlas Energy Solutions in the fourth quarter valued at about $28,000. Finally, State of Wyoming bought a new position in shares of Atlas Energy Solutions during the 1st quarter valued at approximately $48,000. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $14.18 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.58 and a current ratio of 1.82. The firm’s 50-day simple moving average is $12.79 and its 200 day simple moving average is $14.27. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -14.93 and a beta of 1.17. Atlas Energy Solutions has a fifty-two week low of $7.64 and a fifty-two week high of $20.13.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Atlas Energy Solutions had a negative return on equity of 9.57% and a negative net margin of 11.08%.The company had revenue of $293.18 million during the quarter, compared to analysts’ expectations of $282.24 million. During the same period last year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Atlas Energy Solutions will post -0.94 earnings per share for the current fiscal year.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions Inc (NYSE:AESI) provides proppant and logistics services to oil and natural gas producers, primarily operating in the Permian Basin of West Texas and New Mexico. The company supplies frac sand used in hydraulic fracturing to help keep underground rock fractures open and support the recovery of hydrocarbons.

The company operates sand mines, processing facilities and related infrastructure in the Permian Basin. Its product offerings include various grades and sizes of frac sand, including commonly used 40/70 and 100-mesh products.