Atlas Energy Solutions (NYSE:AESI) Price Target Lowered to $17.00 at Citigroup

Atlas Energy Solutions (NYSE:AESI) had its price target decreased by equities research analysts at Citigroup from $21.00 to $17.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 29.54% from the stock’s current price.

A number of other research analysts also recently issued reports on 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. Piper Sandler dropped their price target on shares of Atlas Energy Solutions from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, August 27th. Raymond James Financial upgraded shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research note on Tuesday, June 2nd. Royal Bank Of Canada lowered 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 report on Wednesday, August 5th. Finally, The Goldman Sachs Group set a $12.00 price objective on Atlas Energy Solutions in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.12.

Atlas Energy Solutions Stock Up 0.7%

Shares of AESI traded up $0.09 during trading hours on Thursday, hitting $13.12. The company had a trading volume of 377,794 shares, compared to its average volume of 3,544,650. The firm has a fifty day moving average price of $13.09 and a 200-day moving average price of $14.19. 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 stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -13.80 and a beta of 1.17. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $20.13.

Atlas Energy Solutions (NYSE:AESI) last released 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 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 prior year, the business posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Atlas Energy Solutions will post -0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlas Energy Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System increased its holdings in shares of Atlas Energy Solutions by 1,945.7% in the 2nd quarter. California State Teachers Retirement System now owns 945,923 shares of the company’s stock valued at $15,712,000 after acquiring an additional 899,683 shares during the period. AXQ Capital LP grew its stake in Atlas Energy Solutions by 349.6% in the second quarter. AXQ Capital LP now owns 53,340 shares of the company’s stock valued at $886,000 after purchasing an additional 41,475 shares during the last quarter. Headlands Technologies LLC purchased a new position in Atlas Energy Solutions in the second quarter valued at about $278,000. Citizens Financial Group Inc. RI bought a new position in Atlas Energy Solutions in the second quarter worth about $379,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Atlas Energy Solutions during the second quarter valued at about $7,765,000. 34.59% of the stock is currently owned by institutional investors.

About Atlas Energy Solutions

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.