Atlas Energy Solutions (NYSE:AESI) Stock Price Target Cut by Stephens

Atlas Energy Solutions (NYSE:AESI) had its target price lowered by equities research analysts at Stephens from $22.00 to $20.00 in a note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price target would suggest a potential upside of 57.72% from the company’s previous close.

A number of other equities research analysts also recently commented on AESI. Scotiabank started coverage on shares of Atlas Energy Solutions in a research report on Tuesday, September 29th. They issued a “sector outperform” rating and a $14.00 target price for the company. Citigroup cut their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Weiss Ratings cut Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 7th. Royal Bank Of Canada dropped their target price 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. Finally, The Goldman Sachs Group set a $12.00 price target on shares of Atlas Energy Solutions in a research report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.67.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $12.68 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.58 and a current ratio of 1.82. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -13.35 and a beta of 1.19. The business has a 50-day simple moving average of $12.39 and a two-hundred day simple moving average of $14.39. Atlas Energy Solutions has a fifty-two week low of $7.64 and a fifty-two week high of $20.13.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). Atlas Energy Solutions had a negative net margin of 11.08% and a negative return on equity of 9.57%. The company had revenue of $293.18 million for the quarter, compared to analysts’ expectations of $282.24 million. During the same period in the previous year, the business earned ($0.04) EPS. The business’s revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Atlas Energy Solutions will post -0.94 earnings per share for the current year.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of AESI. Islay Capital Management LLC purchased a new stake in shares of Atlas Energy Solutions during the fourth quarter worth about $28,000. State of Wyoming bought a new position in Atlas Energy Solutions in the 1st quarter worth approximately $48,000. AXQ Capital LP bought a new position in Atlas Energy Solutions in the 4th quarter worth approximately $101,000. Abel Hall LLC bought a new position in Atlas Energy Solutions in the 1st quarter worth approximately $131,000. Finally, Clearline Capital LP purchased a new stake in Atlas Energy Solutions during the 4th quarter valued at approximately $164,000. 34.59% of the stock is owned by institutional investors.

Atlas Energy Solutions Company Profile

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.