Atlas Energy Solutions Inc. (NYSE:AESI) Receives $18.12 Average Target Price from Analysts

Atlas Energy Solutions Inc. (NYSE:AESI) has received a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.1250.

A number of analysts recently commented on the company. Citigroup dropped their price target on Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Stifel Nicolaus reduced their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings lowered Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 7th. Raymond James Financial raised Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada cut their price target on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th.

Institutional Trading of Atlas Energy Solutions

Several hedge funds have recently added to or reduced their stakes in AESI. Encompass Capital Advisors LLC bought a new position in shares of Atlas Energy Solutions during the 1st quarter valued at approximately $119,854,000. Vanguard Group Inc. raised its holdings in shares of Atlas Energy Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock worth $75,438,000 after purchasing an additional 215,243 shares during the period. Cooke & Bieler LP raised its holdings in shares of Atlas Energy Solutions by 0.8% in the 4th quarter. Cooke & Bieler LP now owns 4,186,243 shares of the company’s stock worth $39,434,000 after purchasing an additional 32,689 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Atlas Energy Solutions by 0.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,349,507 shares of the company’s stock worth $31,552,000 after purchasing an additional 25,167 shares during the period. Finally, State Street Corp lifted its stake in Atlas Energy Solutions by 5.0% in the fourth quarter. State Street Corp now owns 3,242,112 shares of the company’s stock valued at $30,541,000 after purchasing an additional 155,028 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Trading Down 3.7%

Shares of AESI stock opened at $12.51 on Friday. 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 company has a 50-day simple moving average of $13.68 and a two-hundred day simple moving average of $14.12. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -13.17 and a beta of 1.13.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, August 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $293.18 million for the quarter, compared to the consensus estimate of $282.24 million. During the same period in the prior year, the business earned ($0.04) EPS. Atlas Energy Solutions’s quarterly revenue was up 1.6% compared to the same quarter last year. Research analysts anticipate that Atlas Energy Solutions will post -0.94 EPS for the current fiscal year.

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.