Atlas Energy Solutions (NYSE:AESI – Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.12), FiscalAI reports. The company had revenue of $267.78 million for the quarter, compared to analyst estimates of $265.32 million. Atlas Energy Solutions had a negative return on equity of 9.57% and a negative net margin of 11.08%.
Atlas Energy Solutions Stock Down 11.0%
NYSE AESI traded down $1.01 on Monday, reaching $8.21. The company had a trading volume of 4,047,180 shares, compared to its average volume of 3,598,832. The company’s fifty day moving average is $11.85 and its 200-day moving average is $13.37. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -8.64 and a beta of 1.29. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.58 and a current ratio of 1.82. Atlas Energy Solutions has a 1-year low of $7.64 and a 1-year high of $20.13.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Glj Research started coverage on shares of Atlas Energy Solutions in a research report on Wednesday, October 28th. They issued a “buy” rating and a $13.00 target price for the company. Stephens cut their price target on Atlas Energy Solutions from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Stifel Nicolaus lowered their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Piper Sandler decreased their target price on Atlas Energy Solutions from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, August 27th. Finally, Zacks Research cut shares of Atlas Energy Solutions from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Atlas Energy Solutions currently has an average rating of “Hold” and an average target price of $17.10.
Check Out Our Latest Stock Report on AESI
Atlas Energy Solutions Company Profile
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.
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