Atlas Energy Solutions (NYSE:AESI) Given New $13.00 Price Target at Piper Sandler

Atlas Energy Solutions (NYSE:AESI) had its target price cut by equities researchers at Piper Sandler from $15.00 to $13.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler‘s price objective points to a potential upside of 94.17% from the company’s current price.

A number of other research firms have also commented on AESI. Stephens decreased their price objective on Atlas Energy Solutions from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Stifel Nicolaus dropped their price objective on 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. Zacks Research downgraded shares of Atlas Energy Solutions from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Scotiabank initiated coverage on shares of Atlas Energy Solutions in a report on Tuesday, September 29th. They issued a “sector outperform” rating and a $14.00 target price on the stock. Finally, Barclays decreased their price target on shares of Atlas Energy Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.50.

Atlas Energy Solutions Price Performance

NYSE:AESI traded down $1.45 during trading hours on Wednesday, reaching $6.70. 4,328,477 shares of the company traded hands, compared to its average volume of 3,610,291. The firm’s 50-day moving average is $11.68 and its 200-day moving average is $13.34. The stock has a market cap of $836.88 million, a P/E ratio of -5.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.82 and a quick ratio of 1.58. Atlas Energy Solutions has a 1-year low of $6.64 and a 1-year high of $20.13.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings results on Monday, November 2nd. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.12). Atlas Energy Solutions had a negative return on equity of 12.15% and a negative net margin of 12.98%. The company had revenue of $267.78 million for the quarter, compared to analysts’ expectations of $265.32 million. During the same period in the previous year, the business posted ($0.19) EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Atlas Energy Solutions will post -0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Cetera Investment Advisers grew its holdings in Atlas Energy Solutions by 6.9% in the first quarter. Cetera Investment Advisers now owns 21,094 shares of the company’s stock valued at $277,000 after purchasing an additional 1,357 shares during the period. Citizens Financial Group Inc. RI raised its stake in Atlas Energy Solutions by 6.0% during the first quarter. Citizens Financial Group Inc. RI now owns 23,966 shares of the company’s stock worth $314,000 after purchasing an additional 1,364 shares during the period. State of Wyoming purchased a new position in Atlas Energy Solutions during the first quarter worth approximately $48,000. Central Pacific Bank Trust Division boosted its holdings in shares of Atlas Energy Solutions by 19.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 30,472 shares of the company’s stock valued at $366,000 after purchasing an additional 5,067 shares during the last quarter. Finally, Argentarii LLC boosted its holdings in shares of Atlas Energy Solutions by 3.4% in the 3rd quarter. Argentarii LLC now owns 187,384 shares of the company’s stock valued at $2,250,000 after purchasing an additional 6,091 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions News Summary

Here are the key news stories impacting Atlas Energy Solutions this week:

• Positive Sentiment: Atlas expects fourth-quarter adjusted EBITDA of $40 million to $50 million, compared with $30.3 million in the third quarter. The company also reported $25.3 million of adjusted free cash flow. Fourth-quarter outlook and data center project milestones
• Neutral Sentiment: Revenue was $267.8 million, slightly above analyst expectations and up 3.1% year over year. Atlas also aims to bring two data center projects to first power in late 2027, a potentially valuable but longer-term growth opportunity. Third-quarter results
• Negative Sentiment: Atlas reported a $0.36-per-share quarterly loss, worse than analysts’ roughly $0.24–$0.26 loss estimates and wider than the year-earlier loss. Reports also pointed to ongoing margin pressure, keeping profitability a concern despite the revenue beat. Q3 margin pressure analysis
• Negative Sentiment: Royal Bank of Canada lowered its price target to $13 from $16 and maintained a “sector perform” rating. While the new target remains above the cited share price, the cut signals a more cautious outlook. Royal Bank of Canada rating information

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.