Atlas Energy Solutions (NYSE:AESI) Stock Price Down 11.8% Following Analyst Downgrade

Atlas Energy Solutions Inc. (NYSE:AESI) shares fell 11.8% during mid-day trading on Wednesday after Piper Sandler lowered their price target on the stock from $15.00 to $13.00. Piper Sandler currently has a neutral rating on the stock. Atlas Energy Solutions traded as low as $7.16 and last traded at $7.18. Approximately 1,285,803 shares were traded during trading, a decline of 64% from the average session volume of 3,597,605 shares. The stock had previously closed at $8.14.

Other research analysts have also recently issued reports about the stock. Zacks Research cut shares of Atlas Energy Solutions from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Scotiabank assumed coverage on shares of Atlas Energy Solutions in a report on Tuesday, September 29th. They issued a “sector outperform” rating and a $14.00 price objective on the stock. 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 report on Thursday, September 3rd. Barclays lowered their target price on Atlas Energy Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. Finally, Royal Bank Of Canada dropped their target price on Atlas Energy Solutions from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of “Hold” and an average price target of $16.50.

Key Atlas Energy Solutions News

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

• Positive Sentiment: Third-quarter revenue was $267.8 million, slightly above estimates, and increased 3.1% year over year. Atlas also generated $23.4 million in operating cash flow and $25.3 million in adjusted free cash flow. Third-quarter results
• Positive Sentiment: Management outlined a fourth-quarter adjusted EBITDA range of $40 million to $50 million and is targeting first power from two data-center projects in late 2027, offering potential longer-term growth beyond its core business. Q4 outlook and data-center projects
• Neutral Sentiment: Despite lowering their targets, Piper Sandler and RBC retained neutral/sector-perform ratings and set $13 targets—well above the share price cited in the reports. The cuts signal more cautious expectations, while the gap to those targets suggests analysts see potential upside. Piper Sandler ratings RBC ratings
• Negative Sentiment: Atlas reported a third-quarter loss of $0.36 per share, worse than analysts’ expected loss of $0.24, and wider than the year-ago loss of $0.19. The earnings shortfall and continued margin pressure are likely weighing on sentiment. Q3 earnings report

Hedge Funds Weigh In On Atlas Energy Solutions

Several large investors have recently added to or reduced their stakes in AESI. CenterBook Partners LP grew its holdings in shares of Atlas Energy Solutions by 84.8% during the third quarter. CenterBook Partners LP now owns 1,180,943 shares of the company’s stock valued at $14,183,000 after purchasing an additional 541,774 shares during the last quarter. Argentarii LLC lifted 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 worth $2,250,000 after purchasing an additional 6,091 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in Atlas Energy Solutions during the 3rd quarter valued at approximately $9,992,000. Evergreen Capital Management LLC boosted its position in Atlas Energy Solutions by 12.8% during the 3rd quarter. Evergreen Capital Management LLC now owns 546,054 shares of the company’s stock valued at $6,558,000 after purchasing an additional 62,121 shares during the period. Finally, Central Pacific Bank Trust Division boosted its position in Atlas Energy Solutions by 19.9% during 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 period. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Stock Performance

The stock has a market capitalization of $844 million, a P/E ratio of -5.96 and a beta of 1.29. The stock has a 50 day moving average of $11.68 and a 200 day moving average of $13.34. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.58 and a current ratio of 1.82.

Atlas Energy Solutions (NYSE:AESI) last issued its 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). The company had revenue of $267.78 million during the quarter, compared to analyst estimates of $265.32 million. Atlas Energy Solutions had a negative return on equity of 12.15% and a negative net margin of 12.98%. Atlas Energy Solutions’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.19) earnings per share. Equities analysts predict that Atlas Energy Solutions Inc. will post -0.95 EPS for the current year.

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.