Atlas Energy Solutions Inc. (AESI) - What Are Analysts Saying About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Atlas Energy Solutions, with six buys, three holds and three sells; the average 12-month price target is $17.10.
• Recent analyst views were mixed: Zacks downgraded the stock to “strong sell,” while GLJ Research initiated a “buy” rating; other firms lowered price targets but maintained generally neutral-to-positive ratings.
• AESI shares opened at $9.24, well below their 52-week high of $20.13. The company missed quarterly EPS expectations, posting a $0.20 loss per share, despite revenue of $293.18 million that exceeded estimates.

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $17.10.

AESI has been the subject of several recent analyst reports. Zacks Research lowered Atlas Energy Solutions from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 20th. Glj Research began coverage on shares of Atlas Energy Solutions in a research report on Wednesday. They set a "buy" rating and a $13.00 price objective on the stock. Royal Bank Of Canada reduced their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 5th. Stephens decreased their target price on shares of Atlas Energy Solutions from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Finally, Scotiabank began coverage on Atlas Energy Solutions in a research note on Tuesday, September 29th. They issued a "sector outperform" rating and a $14.00 price target for the company.

Atlas Energy Solutions Stock Performance

Shares of AESI opened at $9.24 on Friday. 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 business's 50 day moving average price is $11.92 and its 200-day moving average price is $13.38. Atlas Energy Solutions has a 52 week low of $7.64 and a 52 week high of $20.13. The stock has a market cap of $1.16 billion, a P/E ratio of -9.73 and a beta of 1.19.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.05). The company had revenue of $293.18 million for the quarter, compared to the consensus estimate of $282.24 million. Atlas Energy Solutions had a negative net margin of 11.08% and a negative return on equity of 9.57%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned ($0.04) EPS. Equities research analysts anticipate that Atlas Energy Solutions will post -0.95 earnings per share for the current fiscal year.

Institutional Trading of Atlas Energy Solutions

A number of large investors have recently made changes to their positions in AESI. Encompass Capital Advisors LLC purchased a new position in shares of Atlas Energy Solutions in the 1st quarter worth $119,854,000. Wasatch Advisors LP purchased a new stake in Atlas Energy Solutions during the second quarter valued at $30,468,000. Dimensional Fund Advisors LP increased its position in Atlas Energy Solutions by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,502,480 shares of the company's stock valued at $19,713,000 after acquiring an additional 167,758 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Atlas Energy Solutions during the third quarter valued at $9,992,000. Finally, Bank of New York Mellon Corp bought a new position in Atlas Energy Solutions in the second quarter valued at about $7,765,000. 34.59% of the stock is currently owned by institutional investors.

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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