Atlas Energy Solutions Inc. (NYSE:AESI) Stock Now Rated “Hold” by Sell-Side Analysts

Atlas Energy Solutions Inc. (NYSE:AESI) has received an average rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.67.

A number of research analysts have issued reports on the company. Barclays raised Atlas Energy Solutions from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $10.00 to $14.00 in a report on Monday, September 28th. Royal Bank Of Canada dropped their price objective 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. Stifel Nicolaus cut their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, August 6th. The Goldman Sachs Group set a $12.00 target price on shares of Atlas Energy Solutions in a report on Friday, August 7th. Finally, Weiss Ratings cut shares of Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, August 7th.

Institutional Trading of Atlas Energy Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division raised its position in shares of Atlas Energy Solutions by 19.9% in the third quarter. Central Pacific Bank Trust Division now owns 30,472 shares of the company’s stock worth $366,000 after acquiring an additional 5,067 shares during the period. Tidal Investments LLC boosted 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 acquiring an additional 54,731 shares in the last quarter. AXQ Capital LP boosted its stake in shares of Atlas Energy Solutions by 349.6% during the 2nd quarter. AXQ Capital LP now owns 53,340 shares of the company’s stock worth $886,000 after acquiring an additional 41,475 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Atlas Energy Solutions during the 2nd quarter worth about $278,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Atlas Energy Solutions during the 2nd quarter valued at about $379,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $12.30 on Monday. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $20.13. The company has a quick ratio of 1.58, a current ratio of 1.82 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.54 billion, a PE ratio of -12.95 and a beta of 1.19. The business has a 50-day simple moving average of $12.51 and a 200-day simple moving average of $14.37.

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). 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 was up 1.6% on a year-over-year basis. During the same period last year, the business earned ($0.04) earnings per share. On average, equities analysts expect that Atlas Energy Solutions will post -0.94 EPS for the current year.

About Atlas Energy Solutions

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.