Atlas Energy Solutions Inc. (NYSE:AESI) Stock Has Average Target Price of $17.10 According to Analysts

Atlas Energy Solutions Inc. (NYSE:AESI) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $16.90.

AESI has been the subject of a number of analyst reports. Scotiabank upped their price target on Atlas Energy Solutions from $17.00 to $18.00 and gave the company a “sector outperform” rating in a research report on Wednesday. Stephens lowered their price objective on Atlas Energy Solutions from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Weiss Ratings cut Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, August 7th. Piper Sandler reduced their price target on Atlas Energy Solutions from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Barclays lowered their price target on shares of Atlas Energy Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 15th.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of AESI. State of Wyoming purchased a new position in Atlas Energy Solutions in the first quarter worth approximately $48,000. Abel Hall LLC acquired a new stake in Atlas Energy Solutions during the first quarter worth $131,000. Headlands Technologies LLC acquired a new stake in Atlas Energy Solutions during the second quarter worth $278,000. Fifth Third Bancorp raised its position in Atlas Energy Solutions by 5,434.5% in the first quarter. Fifth Third Bancorp now owns 17,987 shares of the company’s stock valued at $236,000 after purchasing an additional 17,662 shares during the period. Finally, Maryland State Retirement & Pension System raised its position in Atlas Energy Solutions by 60.6% in the third quarter. Maryland State Retirement & Pension System now owns 18,167 shares of the company’s stock valued at $218,000 after purchasing an additional 6,856 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $5.30 on Friday. The company has a market cap of $663.14 million, a P/E ratio of -4.74 and a beta of 1.29. Atlas Energy Solutions has a twelve month low of $5.30 and a twelve month high of $20.13. The company’s 50-day moving average price is $11.44 and its 200-day moving average price is $13.29. The company has a current ratio of 1.22, a quick ratio of 1.58 and a debt-to-equity ratio of 0.92.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, November 2nd. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.12). The business had revenue of $267.78 million for the quarter, compared to analysts’ expectations of $265.32 million. Atlas Energy Solutions had a negative net margin of 12.98% and a negative return on equity of 12.38%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.19) EPS. On average, sell-side analysts forecast that Atlas Energy Solutions will post -0.95 earnings per share for the current fiscal year.

Trending Headlines about Atlas Energy Solutions

Here are the key news stories impacting Atlas Energy Solutions this week:

• Positive Sentiment: Scotiabank raised its price target to $18 from $17 and maintained a “sector outperform” rating, signaling continued confidence in AESI’s prospects. Scotiabank rating information
• Positive Sentiment: Recent earnings-call coverage highlights a potential recovery and growth outlook, offering investors a constructive counterpoint to near-term operating weakness. Atlas Energy Solutions earnings call coverage
• Neutral Sentiment: Atlas’s power-infrastructure pivot is part of the investment debate, but the available coverage indicates uncertainty around how it will offset weakness in the sand segment. AlphaStreet investment analysis
• Negative Sentiment: Atlas reported a quarterly loss of $0.36 per share, wider than the $0.24 loss analysts expected. Revenue modestly beat estimates and grew 3.1% year over year, but the earnings shortfall contributed to shares reaching a new 52-week low. Weak earnings and 52-week low
• Negative Sentiment: Piper Sandler cut its target to $13 from $15 and kept a “neutral” rating; RBC lowered its target to $13 from $16 and maintained “sector perform.” The reduced targets reflect a more cautious outlook, despite remaining above the recent share price. Piper Sandler rating information RBC rating information

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.