Citigroup Cuts Atlas Energy Solutions (NYSE:AESI) Price Target to $17.00

Atlas Energy Solutions (NYSE:AESI) had its target price lowered by Citigroup from $21.00 to $17.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on AESI. The Goldman Sachs Group set a $12.00 price target on Atlas Energy Solutions in a report on Friday, August 7th. Royal Bank Of Canada cut 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 report on Wednesday, August 5th. Weiss Ratings cut Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 7th. Stifel Nicolaus decreased their target price 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. Finally, Raymond James Financial upgraded Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.12.

Atlas Energy Solutions Stock Up 2.2%

AESI stock opened at $13.46 on Thursday. Atlas Energy Solutions has a one year low of $7.64 and a one year high of $20.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.58 and a current ratio of 1.82. The firm’s fifty day moving average is $12.95 and its 200 day moving average is $14.19. The firm has a market cap of $1.68 billion, a PE ratio of -14.17 and a beta of 1.17.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data 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 return on equity of 9.57% and a negative net margin of 11.08%.The firm had revenue of $293.18 million during the quarter, compared to analyst estimates of $282.24 million. During the same quarter last year, the company posted ($0.04) EPS. The company’s revenue was up 1.6% on a year-over-year basis. On average, research analysts forecast that Atlas Energy Solutions will post -0.94 EPS for the current year.

Hedge Funds Weigh In On Atlas Energy Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in shares of Atlas Energy Solutions by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock worth $717,000 after purchasing an additional 874 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Atlas Energy Solutions by 6.9% in the 1st quarter. Cetera Investment Advisers now owns 21,094 shares of the company’s stock valued at $277,000 after purchasing an additional 1,357 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in Atlas Energy Solutions by 6.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 23,966 shares of the company’s stock worth $314,000 after purchasing an additional 1,364 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Atlas Energy Solutions by 2.1% during the 3rd quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock worth $825,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Atlas Energy Solutions by 2.2% during the third quarter. Comerica Bank now owns 70,197 shares of the company’s stock worth $798,000 after buying an additional 1,504 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions (NYSE: AESI) is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.