Stephens Issues Pessimistic Forecast for Atlas Energy Solutions (NYSE:AESI) Stock Price

Key Points

• Stephens lowered its price target for Atlas Energy Solutions from $22 to $20 while maintaining an “overweight” rating, implying roughly 66% upside from the stock’s $12.01 price.
• Analyst sentiment is mixed: Atlas has a consensus “Hold” rating and an average price target of $17.67, based on five Buy, four Hold and two Sell ratings.
• Atlas missed quarterly EPS expectations, reporting a $0.20 loss per share versus the expected $0.15 loss, although revenue of $293.18 million exceeded estimates and rose 1.6% year over year.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) had its price objective lowered by Stephens from $22.00 to $20.00 in a report released on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Stephens' target price suggests a potential upside of 66.47% from the stock's current price.

A number of other equities research analysts have also weighed in on the company. Piper Sandler lowered their price objective on Atlas Energy Solutions from $19.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, August 27th. Scotiabank began coverage on Atlas Energy Solutions in a report on Tuesday, September 29th. They set a "sector outperform" rating and a $14.00 target price on the stock. Barclays upgraded shares of Atlas Energy Solutions from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $10.00 to $14.00 in a research report on Monday, September 28th. Weiss Ratings cut shares of Atlas Energy Solutions from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, August 7th. Finally, Stifel Nicolaus dropped their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Atlas Energy Solutions presently has a consensus rating of "Hold" and an average price target of $17.67.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $12.01 on Monday. Atlas Energy Solutions has a 12 month low of $7.64 and a 12 month high of $20.13. The company has a market cap of $1.50 billion, a P/E ratio of -12.65 and a beta of 1.19. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average price of $12.33 and a 200 day moving average price of $14.41.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Atlas Energy Solutions had a negative net margin of 11.08% and a negative return on equity of 9.57%. The company had revenue of $293.18 million during the quarter, compared to analyst estimates of $282.24 million. During the same quarter in the previous year, the company posted ($0.04) EPS. The company's quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts predict that Atlas Energy Solutions will post -0.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tidal Investments LLC grew its stake in Atlas Energy Solutions by 56.3% during the 2nd quarter. Tidal Investments LLC now owns 152,010 shares of the company's stock valued at $2,525,000 after acquiring an additional 54,731 shares in the last quarter. AXQ Capital LP raised its holdings in Atlas Energy Solutions by 349.6% during the second quarter. AXQ Capital LP now owns 53,340 shares of the company's stock valued at $886,000 after buying an additional 41,475 shares in the last quarter. Headlands Technologies LLC acquired a new position in Atlas Energy Solutions in the 2nd quarter valued at $278,000. Citizens Financial Group Inc. RI bought a new position in Atlas Energy Solutions in the 2nd quarter worth approximately $379,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Atlas Energy Solutions in the second quarter valued at about $7,765,000. Institutional investors own 34.59% of the company's stock.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions Inc NYSE: AESI is a provider of proppant and logistics services for the oil and natural gas industry. The company primarily serves exploration and production companies operating in the Permian Basin, one of the largest onshore oil-producing regions in the United States.

Atlas produces and supplies frac sand, a specialized proppant used in hydraulic fracturing to help keep fractures open and improve the flow of hydrocarbons from underground formations. Its operations include sand mining, processing, storage and distribution, with facilities located in or near the Permian Basin of West Texas.

The company also provides transportation and logistics solutions designed to move large volumes of proppant from its mines to well sites.

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