Analysts Issue Forecasts for AESI FY2027 Earnings

Key Points

• Scotiabank forecasts Atlas Energy Solutions will earn $0.62 per share in FY2027, compared with the current full-year consensus estimate of a $0.94-per-share loss. The firm maintains a “Sector Outperform” rating and a $14 price target.
• Atlas reported a quarterly loss of $0.20 per share, missing the $0.15 loss estimate, although revenue of $293.18 million exceeded expectations and rose 1.6% year over year.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $17.22, while shares recently traded near $12.01 and institutional investors owned 34.59% of the company.

Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) - Research analysts at Scotiabank issued their FY2027 earnings per share estimates for Atlas Energy Solutions in a report issued on Thursday, October 1st. Scotiabank analyst I. Rapp expects that the company will earn ($0.62) per share for the year. Scotiabank has a "Sector Outperform" rating and a $14.00 price target on the stock. The consensus estimate for Atlas Energy Solutions' current full-year earnings is ($0.94) per share.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released 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 analyst estimates of $282.24 million. Atlas Energy Solutions had a negative return on equity of 9.57% and a negative net margin of 11.08%.The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus cut their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada decreased 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. Piper Sandler dropped 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. Barclays upgraded Atlas Energy Solutions from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $10.00 to $14.00 in a research report on Monday, September 28th. Finally, Weiss Ratings downgraded Atlas Energy Solutions from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, August 7th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $17.22.

Atlas Energy Solutions Trading Down 0.2%

Shares of Atlas Energy Solutions stock opened at $12.01 on Monday. 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 company has a fifty day simple moving average of $12.33 and a 200-day simple moving average of $14.41. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -12.65 and a beta of 1.19. Atlas Energy Solutions has a 12-month low of $7.64 and a 12-month high of $20.13.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Atlas Energy Solutions by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,502,480 shares of the company's stock worth $19,713,000 after acquiring an additional 167,758 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Atlas Energy Solutions during the first quarter worth about $119,854,000. Bank of New York Mellon Corp acquired a new position in shares of Atlas Energy Solutions during the second quarter worth about $7,765,000. Readystate Asset Management LP acquired a new position in shares of Atlas Energy Solutions during the first quarter worth about $1,459,000. Finally, Assenagon Asset Management S.A. purchased a new position in Atlas Energy Solutions during the second quarter worth about $3,502,000. 34.59% of the stock is owned by institutional investors and hedge funds.

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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