Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Of 10 analysts covering Atlas Energy Solutions, four rate it a buy, three a hold and three a sell. The average 12-month price target is $17.13.
• Recent analyst actions were mixed but generally cautious: Several firms cut their price targets, including Barclays to $10 and Piper Sandler to $15, while Stifel maintained a buy rating with a $25 target.
• Quarterly results were mixed: Atlas reported revenue of $293.18 million, above expectations, but its $0.20 per-share loss was wider than the projected $0.15 loss. Institutional investors own about 34.6% of the company.

Shares of Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) have been given an average recommendation of "Hold" by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $17.1250.

AESI has been the subject of a number of recent research reports. The Goldman Sachs Group set a $12.00 price objective on Atlas Energy Solutions in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Atlas Energy Solutions from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, August 7th. Stifel Nicolaus dropped their price target 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. Piper Sandler dropped their price target on shares of Atlas Energy Solutions from $19.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, August 27th. Finally, Barclays reduced their price objective on shares of Atlas Energy Solutions from $14.00 to $10.00 and set an "underweight" rating for the company in a research note on Friday, August 7th.

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $14.58 on Thursday. The stock has a 50-day simple moving average of $12.81 and a two-hundred day simple moving average of $14.25. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $20.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.58 and a current ratio of 1.82. The firm has a market capitalization of $1.82 billion, a PE ratio of -15.35 and a beta of 1.17.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $282.24 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The business's quarterly revenue was up 1.6% compared to the same quarter last year. Analysts forecast that Atlas Energy Solutions will post -0.94 EPS for the current year.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of institutional investors have recently bought and sold shares of AESI. Tidal Investments LLC raised its holdings in Atlas Energy Solutions by 56.3% during the second 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 during the period. California State Teachers Retirement System boosted its stake in shares of Atlas Energy Solutions by 1,945.7% in the second quarter. California State Teachers Retirement System now owns 945,923 shares of the company's stock worth $15,712,000 after acquiring an additional 899,683 shares during the period. AXQ Capital LP boosted its stake in shares of Atlas Energy Solutions by 349.6% in the second quarter. AXQ Capital LP now owns 53,340 shares of the company's stock worth $886,000 after acquiring an additional 41,475 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Atlas Energy Solutions during the second quarter worth about $278,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Atlas Energy Solutions during the second quarter worth about $379,000. Hedge funds and other institutional investors own 34.59% of the company's stock.

Atlas Energy Solutions Company Profile

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.

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