Atlas Energy Solutions (NYSE:AESI) Given New $13.00 Price Target at Piper Sandler

Key Points

• Piper Sandler cut its price target on Atlas Energy Solutions to $13 from $15 and maintained a neutral rating; RBC also lowered its target to $13. The shares were trading at $6.70, while analysts’ average target is $16.50.
• Atlas reported a quarterly loss of $0.36 per share, worse than analysts expected, despite revenue of $267.8 million slightly exceeding forecasts and rising 3.1% year over year. Margin pressure remains a concern.
• The company expects fourth-quarter adjusted EBITDA of $40 million to $50 million, up from $30.3 million in the third quarter, and is targeting late 2027 for first power at two planned data center projects.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) had its price objective reduced by equities researchers at Piper Sandler from $15.00 to $13.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Piper Sandler's price target points to a potential upside of 94.17% from the stock's previous close.

Several other brokerages have also commented on AESI. Royal Bank Of Canada decreased their target price on shares of Atlas Energy Solutions from $16.00 to $13.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Glj Research initiated coverage on shares of Atlas Energy Solutions in a report on Wednesday, October 28th. They issued a "buy" rating and a $13.00 price target for the company. Citigroup reduced their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. The Goldman Sachs Group set a $12.00 price objective on shares of Atlas Energy Solutions in a report on Friday, August 7th. Finally, Scotiabank started coverage on shares of Atlas Energy Solutions in a report on Tuesday, September 29th. They set a "sector outperform" rating and a $14.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Atlas Energy Solutions presently has an average rating of "Hold" and a consensus target price of $16.50.

Atlas Energy Solutions Price Performance

Shares of AESI traded down $1.45 during mid-day trading on Wednesday, hitting $6.70. The company's stock had a trading volume of 4,328,477 shares, compared to its average volume of 3,610,291. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.87. Atlas Energy Solutions has a 1-year low of $6.64 and a 1-year high of $20.13. The firm has a market capitalization of $836.88 million, a P/E ratio of -5.97 and a beta of 1.29. The firm has a 50-day simple moving average of $11.68 and a 200 day simple moving average of $13.34.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.12). The business 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 12.15% and a negative net margin of 12.98%. The company's revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.19) EPS. Analysts predict that Atlas Energy Solutions will post -0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AESI. State of Wyoming acquired a new position in shares of Atlas Energy Solutions during the 1st quarter worth $48,000. Abel Hall LLC acquired a new stake in Atlas Energy Solutions in the 1st quarter valued at about $131,000. Fifth Third Bancorp increased its holdings in Atlas Energy Solutions by 5,434.5% during the 1st quarter. Fifth Third Bancorp now owns 17,987 shares of the company's stock valued at $236,000 after acquiring an additional 17,662 shares in the last quarter. Cetera Investment Advisers increased its holdings in Atlas Energy Solutions by 6.9% during the 1st quarter. Cetera Investment Advisers now owns 21,094 shares of the company's stock valued at $277,000 after acquiring an additional 1,357 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Atlas Energy Solutions during the second quarter worth about $278,000. Hedge funds and other institutional investors own 34.59% of the company's stock.

Key Stories Impacting Atlas Energy Solutions

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

• Positive Sentiment: Atlas expects fourth-quarter adjusted EBITDA of $40 million to $50 million, compared with $30.3 million in the third quarter. The company also reported $25.3 million of adjusted free cash flow. Fourth-quarter outlook and data center project milestones
• Neutral Sentiment: Revenue was $267.8 million, slightly above analyst expectations and up 3.1% year over year. Atlas also aims to bring two data center projects to first power in late 2027, a potentially valuable but longer-term growth opportunity. Third-quarter results
• Negative Sentiment: Atlas reported a $0.36-per-share quarterly loss, worse than analysts’ roughly $0.24–$0.26 loss estimates and wider than the year-earlier loss. Reports also pointed to ongoing margin pressure, keeping profitability a concern despite the revenue beat. Q3 margin pressure analysis
• Negative Sentiment: Royal Bank of Canada lowered its price target to $13 from $16 and maintained a “sector perform” rating. While the new target remains above the cited share price, the cut signals a more cautious outlook. Royal Bank of Canada rating information

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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