Brokerages Set Atlas Energy Solutions Inc. (NYSE:AESI) PT at $18.12

Atlas Energy Solutions Inc. (NYSE:AESI) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.1250.

AESI has been the subject of several analyst reports. Raymond James Financial upgraded shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Tuesday, June 2nd. Piper Sandler increased their target price on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Weiss Ratings downgraded shares of Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 7th. The Goldman Sachs Group set a $12.00 price target on Atlas Energy Solutions in a research note on Friday, August 7th. Finally, Royal Bank Of Canada reduced their price target on Atlas Energy Solutions from $21.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 5th.

Atlas Energy Solutions Stock Performance

AESI opened at $12.63 on Friday. The business has a fifty day simple moving average of $13.92 and a 200 day simple moving average of $14.11. The company has a market capitalization of $1.58 billion, a PE ratio of -13.30 and a beta of 1.13. Atlas Energy Solutions has a 1 year low of $7.64 and a 1 year high of $20.13. 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 (NYSE:AESI) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.20) earnings per share 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 quarter in the previous year, the business earned ($0.04) EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Research analysts expect that Atlas Energy Solutions will post -0.8 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new stake in Atlas Energy Solutions during the second quarter worth about $25,000. Quarry LP bought a new stake in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Atlas Energy Solutions by 91,500.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock worth $26,000 after acquiring an additional 2,745 shares during the period. Islay Capital Management LLC bought a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $28,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Atlas Energy Solutions during the 2nd quarter worth approximately $38,000. 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.