Atlas Energy Solutions (NYSE:AESI) Stock Price Target Cut by Stifel Nicolaus

Key Points

• Stifel Nicolaus cut its price target on Atlas Energy Solutions from $25 to $21 but maintained a Buy rating; its new target implies 292% upside from the prior close.
• Analyst views are mixed: MarketBeat reports an average rating of Hold and an average price target of $16.50, with six Buy, three Hold, and three Sell ratings.
• In its latest quarter, Atlas reported a loss of $0.36 per share, missing estimates of a $0.24 loss, while revenue of $267.78 million slightly beat forecasts and rose 3.1% year over year.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) had its target price reduced by equities research analysts at Stifel Nicolaus from $25.00 to $21.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus's price objective would suggest a potential upside of 292.01% from the stock's previous close.

AESI has been the topic of several other reports. The Goldman Sachs Group set a $12.00 target price on shares of Atlas Energy Solutions in a research note on Friday, August 7th. Glj Research initiated coverage on Atlas Energy Solutions in a report on Wednesday, October 28th. They issued a "buy" rating and a $13.00 target price for the company. Zacks Research cut Atlas Energy Solutions from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 20th. Piper Sandler lowered 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, November 4th. Finally, Stephens lowered their price target on Atlas Energy Solutions from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, October 5th. Six 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $16.50.

Atlas Energy Solutions Price Performance

AESI stock opened at $5.36 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.99 and a debt-to-equity ratio of 0.92. Atlas Energy Solutions has a one year low of $5.12 and a one year high of $20.13. The firm has a market capitalization of $669.64 million, a PE ratio of -4.78 and a beta of 1.29. The firm has a 50-day moving average of $11.29 and a two-hundred day moving average of $13.26.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its earnings results on Monday, November 2nd. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.12). The firm had revenue of $267.78 million during the quarter, compared to analyst estimates of $265.32 million. Atlas Energy Solutions had a negative return on equity of 12.38% and a negative net margin of 12.98%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.19) earnings per share. On average, analysts forecast that Atlas Energy Solutions will post -0.95 earnings per share for the current year.

Institutional Trading of Atlas Energy Solutions

Several institutional investors have recently made changes to their positions in AESI. Cetera Investment Advisers boosted its position in Atlas Energy Solutions by 6.9% during the first 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 during the last quarter. Citizens Financial Group Inc. RI grew its stake in Atlas Energy Solutions by 6.0% in 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 in the last quarter. State of Wyoming purchased a new position in Atlas Energy Solutions in the first quarter valued at about $48,000. Central Pacific Bank Trust Division grew its stake in Atlas Energy Solutions by 19.9% in the third quarter. Central Pacific Bank Trust Division now owns 30,472 shares of the company's stock valued at $366,000 after purchasing an additional 5,067 shares in the last quarter. Finally, Argentarii LLC increased its position in Atlas Energy Solutions by 3.4% in the 3rd quarter. Argentarii LLC now owns 187,384 shares of the company's stock worth $2,250,000 after purchasing an additional 6,091 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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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