Atlas Energy Solutions Inc. (NYSE:AESI) Stock Has Average Price Target of $17.22 According to Analysts

Atlas Energy Solutions Inc. (NYSE:AESI – Get Free Report) has earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $17.67.

Several analysts have recently commented on AESI shares. Piper Sandler dropped their price objective on shares of Atlas Energy Solutions from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, August 27th. Barclays raised shares of Atlas Energy Solutions from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $10.00 to $14.00 in a report on Monday, September 28th. Stifel Nicolaus lowered their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings downgraded Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reduced their price objective 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.

Read Our Latest Stock Analysis on AESI

Institutional Trading of Atlas Energy Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division raised its position in Atlas Energy Solutions by 19.9% during the third quarter. Central Pacific Bank Trust Division now owns 30,472 shares of the company’s stock valued at $366,000 after acquiring an additional 5,067 shares in the last quarter. Tidal Investments LLC boosted its position in Atlas Energy Solutions by 56.3% in the 2nd quarter. Tidal Investments LLC now owns 152,010 shares of the company’s stock worth $2,525,000 after purchasing an additional 54,731 shares in the last quarter. AXQ Capital LP grew its stake in shares of Atlas Energy Solutions by 349.6% during the 2nd quarter. AXQ Capital LP now owns 53,340 shares of the company’s stock worth $886,000 after purchasing an additional 41,475 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Atlas Energy Solutions during the 2nd quarter worth approximately $278,000. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Atlas Energy Solutions during the 2nd quarter valued at approximately $379,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Trading Down 1.7%

Shares of NYSE:AESI opened at $12.49 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.82 and a debt-to-equity ratio of 0.87. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $20.13. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -13.15 and a beta of 1.19. The business has a 50-day moving average price of $12.44 and a 200-day moving average price of $14.38.

Atlas Energy Solutions (NYSE:AESI – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). Atlas Energy Solutions had a negative net margin of 11.08% and a negative return on equity of 9.57%. The firm had revenue of $293.18 million during the quarter, compared to analysts’ expectations of $282.24 million. During the same quarter in the prior year, the company earned ($0.04) EPS. Atlas Energy Solutions’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts predict that Atlas Energy Solutions will post -0.94 EPS for the current year.

Atlas Energy Solutions Company Profile

(Get Free Report)

Atlas Energy Solutions Inc (NYSE: AESI) is a provider of proppant and logistics services for the oil and natural gas industry. The company primarily serves exploration and production companies operating in the Permian Basin, one of the largest onshore oil-producing regions in the United States.

Atlas produces and supplies frac sand, a specialized proppant used in hydraulic fracturing to help keep fractures open and improve the flow of hydrocarbons from underground formations. Its operations include sand mining, processing, storage and distribution, with facilities located in or near the Permian Basin of West Texas.

The company also provides transportation and logistics solutions designed to move large volumes of proppant from its mines to well sites.

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Analyst Recommendations for Atlas Energy Solutions (NYSE:AESI)

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