Atlas Energy Solutions Inc. (NYSE:AESI – Get Free Report) has been given an average rating of “Hold” by the twelve ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $17.10.
A number of equities analysts recently weighed in on AESI shares. Piper Sandler dropped their target price 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. Barclays dropped their price target on Atlas Energy Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. Stephens dropped their target price on shares of 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. The Goldman Sachs Group set a $12.00 price target on shares of Atlas Energy Solutions in a research note on Friday, August 7th. Finally, Scotiabank initiated coverage on shares of Atlas Energy Solutions in a research report on Tuesday, September 29th. They set a “sector outperform” rating and a $14.00 price objective for the company.
Check Out Our Latest Analysis on Atlas Energy Solutions
Institutional Trading of Atlas Energy Solutions
Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers lifted its holdings in shares of Atlas Energy Solutions by 6.9% during the first quarter. Cetera Investment Advisers now owns 21,094 shares of the company’s stock worth $277,000 after buying an additional 1,357 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in Atlas Energy Solutions by 6.0% during the first quarter. Citizens Financial Group Inc. RI now owns 23,966 shares of the company’s stock valued at $314,000 after purchasing an additional 1,364 shares during the last quarter. State of Wyoming bought a new position in shares of Atlas Energy Solutions in the first quarter valued at about $48,000. Central Pacific Bank Trust Division increased its stake in Atlas Energy Solutions by 19.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 30,472 shares of the company’s stock worth $366,000 after acquiring an additional 5,067 shares during the period. Finally, Argentarii LLC grew its stake in shares of Atlas Energy Solutions by 3.4% during the third quarter. Argentarii LLC now owns 187,384 shares of the company’s stock worth $2,250,000 after buying an additional 6,091 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.
Atlas Energy Solutions Stock Down 0.1%
Shares of NYSE AESI opened at $9.21 on Friday. Atlas Energy Solutions has a 1 year low of $7.64 and a 1 year high of $20.13. The company has a 50-day moving average price of $11.85 and a 200-day moving average price of $13.37. The stock has a market capitalization of $1.15 billion, a P/E ratio of -9.69 and a beta of 1.29. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.82 and a quick ratio of 1.58.
Atlas Energy Solutions (NYSE:AESI – Get Free Report) last released its earnings results on Monday, August 3rd. The company reported ($0.20) earnings per share 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 company had revenue of $293.18 million during the quarter, compared to the consensus estimate of $282.24 million. During the same period last year, the firm posted ($0.04) EPS. The company’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Atlas Energy Solutions will post -0.95 EPS for the current fiscal year.
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.
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