Barclays upgraded shares of Atlas Energy Solutions (NYSE:AESI – Free Report) from an underweight rating to an equal weight rating in a report published on Monday, MarketBeat reports. Barclays currently has $14.00 price objective on the stock, up from their prior price objective of $10.00.
Other analysts have also recently issued research reports about the stock. Piper Sandler lowered 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 report on Thursday, August 27th. Citigroup reduced their target price 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. Royal Bank Of Canada decreased their target price on Atlas Energy Solutions from $21.00 to $17.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 5th. The Goldman Sachs Group set a $12.00 price target on Atlas Energy Solutions in a report on Friday, August 7th. Finally, Stifel Nicolaus dropped their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.62.
Get Our Latest Stock Report on Atlas Energy Solutions
Atlas Energy Solutions Stock Down 1.8%
Atlas Energy Solutions (NYSE:AESI – Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The firm had revenue of $293.18 million during the quarter, compared to analyst estimates of $282.24 million. Atlas Energy Solutions had a negative return on equity of 9.57% and a negative net margin of 11.08%.The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) earnings per share. Analysts expect that Atlas Energy Solutions will post -0.94 EPS for the current year.
Institutional Investors Weigh In On Atlas Energy Solutions
Large investors have recently made changes to their positions in the stock. Encompass Capital Advisors LLC bought a new position in Atlas Energy Solutions during the 1st quarter worth about $119,854,000. Wasatch Advisors LP bought a new stake in shares of Atlas Energy Solutions in the second quarter valued at about $30,468,000. Dimensional Fund Advisors LP boosted 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 buying an additional 167,758 shares during the period. Kennedy Capital Management LLC boosted its position in shares of Atlas Energy Solutions by 39.3% during the fourth quarter. Kennedy Capital Management LLC now owns 1,254,992 shares of the company’s stock worth $11,822,000 after buying an additional 354,130 shares during the period. Finally, Nixon Capital LLC bought a new position in shares of Atlas Energy Solutions during the fourth quarter worth about $11,284,000. Institutional investors own 34.59% of the company’s stock.
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.
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