Atlas Energy Solutions Inc. (NYSE:AESI) Given Consensus Rating of “Hold” by Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.1250.

Several equities research analysts have commented on AESI shares. The Goldman Sachs Group set a $12.00 price target on shares of Atlas Energy Solutions in a research report on Friday, August 7th. 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 report on Thursday, August 6th. Citigroup decreased their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Barclays lowered their price objective on shares of Atlas Energy Solutions from $14.00 to $10.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Finally, Royal Bank Of Canada cut their target price on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 5th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AESI. Tidal Investments LLC increased its stake in shares of Atlas Energy Solutions by 56.3% during the 2nd quarter. Tidal Investments LLC now owns 152,010 shares of the company’s stock worth $2,525,000 after purchasing an additional 54,731 shares during the last quarter. California State Teachers Retirement System increased its position in Atlas Energy Solutions by 1,945.7% during the second quarter. California State Teachers Retirement System now owns 945,923 shares of the company’s stock worth $15,712,000 after buying an additional 899,683 shares during the last quarter. AXQ Capital LP raised its holdings in Atlas Energy Solutions by 349.6% during the second quarter. AXQ Capital LP now owns 53,340 shares of the company’s stock valued at $886,000 after buying an additional 41,475 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Atlas Energy Solutions in the second quarter worth about $278,000. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Atlas Energy Solutions during the 2nd quarter worth about $379,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Trading Down 6.9%

Shares of NYSE:AESI opened at $13.18 on Thursday. The company has a 50 day moving average of $12.78 and a 200-day moving average of $14.31. The firm has a market cap of $1.65 billion, a P/E ratio of -13.88 and a beta of 1.17. Atlas Energy Solutions has a twelve month low of $7.64 and a twelve month high of $20.13. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.87.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.20) EPS 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 net margin of 11.08% and a negative return on equity of 9.57%. Atlas Energy Solutions’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. As a group, analysts anticipate that Atlas Energy Solutions will post -0.94 earnings per share for the current fiscal year.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions Inc (NYSE:AESI) provides proppant and logistics services to oil and natural gas producers, primarily operating in the Permian Basin of West Texas and New Mexico. The company supplies frac sand used in hydraulic fracturing to help keep underground rock fractures open and support the recovery of hydrocarbons.

The company operates sand mines, processing facilities and related infrastructure in the Permian Basin. Its product offerings include various grades and sizes of frac sand, including commonly used 40/70 and 100-mesh products.