Atlas Energy Solutions Inc. (NYSE:AESI) Receives $18.12 Average Price Target from Analysts

Atlas Energy Solutions Inc. (NYSE:AESI) has earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $18.1250.

A number of research firms have recently issued reports on AESI. Weiss Ratings downgraded shares of Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 7th. Raymond James Financial raised Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Tuesday, June 2nd. Barclays reduced their price objective on Atlas Energy Solutions from $14.00 to $10.00 and set an “underweight” rating for the company in a 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, Citigroup lowered their target price on Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th.

Hedge Funds Weigh In On Atlas Energy Solutions

Several hedge funds have recently added to or reduced their stakes in AESI. Royal Bank of Canada raised its position in Atlas Energy Solutions by 26.0% during the first quarter. Royal Bank of Canada now owns 249,793 shares of the company’s stock worth $4,456,000 after acquiring an additional 51,477 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Atlas Energy Solutions by 14.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,209 shares of the company’s stock valued at $789,000 after purchasing an additional 5,579 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Atlas Energy Solutions by 18.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,409,054 shares of the company’s stock worth $25,138,000 after purchasing an additional 219,834 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of Atlas Energy Solutions during the 2nd quarter worth approximately $134,000. Finally, Russell Investments Group Ltd. raised its position in shares of Atlas Energy Solutions by 6.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 108,001 shares of the company’s stock worth $1,444,000 after purchasing an additional 6,869 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Stock Performance

Shares of AESI opened at $12.94 on Friday. The company has a 50-day simple moving average of $13.77 and a 200-day simple moving average of $14.13. The company has a quick ratio of 1.58, a current ratio of 1.82 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $1.62 billion, a PE ratio of -13.62 and a beta of 1.13. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $20.13.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings data 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 return on equity of 9.57% and a negative net margin of 11.08%.The company had revenue of $293.18 million for the quarter, compared to analysts’ expectations of $282.24 million. During the same period in the prior year, the firm posted ($0.04) EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts predict that Atlas Energy Solutions will post -0.8 earnings per share for the current fiscal year.

About Atlas Energy Solutions

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.