Atlas Energy Solutions Inc. (NYSE:AESI) Stock Has Consensus Price Target of $17.10 According to Brokerages

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been given a consensus rating of “Hold” by the twelve ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $17.10.

A number of research firms recently commented on AESI. Stephens decreased their target price on Atlas Energy Solutions from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Zacks Research cut Atlas Energy Solutions from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. The Goldman Sachs Group set a $12.00 target price on shares of Atlas Energy Solutions in a report on Friday, August 7th. Citigroup lowered their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Finally, Piper Sandler dropped their price objective on shares of Atlas Energy Solutions from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, August 27th.

Atlas Energy Solutions Stock Down 1.8%

Shares of AESI opened at $8.09 on Friday. The business’s 50 day moving average is $11.68 and its 200 day moving average is $13.34. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.87. Atlas Energy Solutions has a 12-month low of $7.53 and a 12-month high of $20.13. The company has a market capitalization of $1.01 billion, a PE ratio of -7.22 and a beta of 1.29.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, November 2nd. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.12). Atlas Energy Solutions had a negative net margin of 12.98% and a negative return on equity of 12.15%. The company had revenue of $267.78 million for the quarter, compared to analysts’ expectations of $265.32 million. During the same period last year, the business earned ($0.19) earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Research analysts expect that Atlas Energy Solutions will post -0.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors have recently modified their holdings of the stock. Encompass Capital Advisors LLC bought a new position in shares of Atlas Energy Solutions in the first quarter worth about $119,854,000. Wasatch Advisors LP bought a new position in Atlas Energy Solutions in the 2nd quarter worth about $30,468,000. Dimensional Fund Advisors LP increased its position in shares of Atlas Energy Solutions by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,502,480 shares of the company’s stock worth $19,713,000 after acquiring an additional 167,758 shares during the period. CenterBook Partners LP raised its stake in shares of Atlas Energy Solutions by 84.8% during the third quarter. CenterBook Partners LP now owns 1,180,943 shares of the company’s stock valued at $14,183,000 after acquiring an additional 541,774 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Atlas Energy Solutions in the third quarter valued at approximately $9,992,000. 34.59% of the stock is owned by institutional investors.

Atlas Energy Solutions News Summary

Here are the key news stories impacting Atlas Energy Solutions this week:

• Positive Sentiment: Atlas expects fourth-quarter adjusted EBITDA of $40 million to $50 million, above its third-quarter result of $30.3 million. It also targets first power from two data-center projects in late 2027, offering a potential longer-term growth opportunity. Article
• Neutral Sentiment: Third-quarter revenue was $267.8 million, slightly ahead of expectations of about $265.3 million and up 3.1% year over year. Article
• Negative Sentiment: Atlas reported a $0.36-per-share loss, wider than the roughly $0.24 consensus loss, and a $45.1 million net loss. Coverage also highlighted ongoing margin pressure, which may weigh on sentiment despite the revenue beat and improved Q4 outlook. Article

About Atlas Energy Solutions

Atlas Energy Solutions Inc (NYSE:AESI) is an energy-services company that supplies proppant and logistics solutions to oil and natural gas producers. Its primary products include frac sand, which is used in hydraulic fracturing to help keep underground rock fractures open and improve the flow of hydrocarbons.

The company operates sand mines, processing facilities, and related infrastructure in the Permian Basin of West Texas. In addition to producing and selling proppant, Atlas provides transportation, storage, and last-mile delivery services designed to move sand from its facilities to well sites.