FY2027 Earnings Forecast for AESI Issued By Scotiabank

Atlas Energy Solutions Inc. (NYSE:AESI) – Investment analysts at Scotiabank issued their FY2027 EPS estimates for Atlas Energy Solutions in a research note issued on Thursday, October 1st. Scotiabank analyst I. Rapp expects that the company will post earnings of ($0.62) per share for the year. Scotiabank currently has a “Sector Outperform” rating and a $14.00 target price on the stock. The consensus estimate for Atlas Energy Solutions’ current full-year earnings is ($0.94) per share.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus lowered their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Stephens cut their price objective on Atlas Energy Solutions from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Monday. Royal Bank Of Canada reduced their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 5th. The Goldman Sachs Group set a $12.00 target price on Atlas Energy Solutions in a report on Friday, August 7th. Finally, Barclays raised Atlas Energy Solutions from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $10.00 to $14.00 in a research report on Monday, September 28th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Atlas Energy Solutions currently has an average rating of “Hold” and a consensus target price of $17.67.

Atlas Energy Solutions Trading Down 0.3%

NYSE:AESI opened at $12.68 on Monday. The company has a market cap of $1.59 billion, a PE ratio of -13.35 and a beta of 1.19. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.87. The company 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 12 month low of $7.64 and a 12 month high of $20.13.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.20) earnings per share 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 the consensus estimate of $282.24 million. During the same quarter last year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Encompass Capital Advisors LLC purchased a new stake in shares of Atlas Energy Solutions in the 1st quarter worth $119,854,000. Wasatch Advisors LP purchased a new position in Atlas Energy Solutions during the second quarter valued at $30,468,000. Dimensional Fund Advisors LP grew its holdings in Atlas Energy Solutions by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,502,480 shares of the company’s stock valued at $19,713,000 after purchasing an additional 167,758 shares during the period. Kennedy Capital Management LLC grew its holdings in Atlas Energy Solutions by 39.3% during the fourth quarter. Kennedy Capital Management LLC now owns 1,254,992 shares of the company’s stock valued at $11,822,000 after purchasing an additional 354,130 shares during the period. Finally, Nixon Capital LLC purchased a new stake in Atlas Energy Solutions in the fourth quarter worth about $11,284,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.