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

Atlas Energy Solutions (NYSE:AESI) had its price objective lowered by equities researchers at Stifel Nicolaus from $25.00 to $21.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s target price would indicate a potential upside of 292.01% from the company’s previous close.

AESI has been the subject of several other research reports. Glj Research began coverage on shares of Atlas Energy Solutions in a research note on Wednesday, October 28th. They issued a “buy” rating and a $13.00 price objective for the company. Royal Bank Of Canada decreased their price objective on shares of Atlas Energy Solutions from $16.00 to $13.00 and set a “sector perform” rating for the company in a report on Wednesday, November 4th. The Goldman Sachs Group set a $12.00 target price on shares of Atlas Energy Solutions in a research report on Friday, August 7th. Zacks Research lowered Atlas Energy Solutions from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Finally, Citigroup reduced their price target on 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. Six investment 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, the stock has a consensus rating of “Hold” and an average price target of $16.50.

Atlas Energy Solutions Price Performance

NYSE AESI opened at $5.36 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.22 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $669.64 million, a PE ratio of -4.78 and a beta of 1.29. The company has a 50 day moving average price of $11.29 and a two-hundred day moving average price of $13.26. Atlas Energy Solutions has a 12-month low of $5.12 and a 12-month high of $20.13.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, November 2nd. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.12). Atlas Energy Solutions had a negative return on equity of 12.38% and a negative net margin of 12.98%. The business had revenue of $267.78 million during the quarter, compared to the consensus estimate of $265.32 million. During the same period in the prior year, the firm earned ($0.19) earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts predict that Atlas Energy Solutions will post -0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of institutional investors have recently modified their holdings of AESI. State of Wyoming acquired a new stake in shares of Atlas Energy Solutions in the first quarter worth $48,000. Headlands Technologies LLC bought a new stake in shares of Atlas Energy Solutions during the 2nd quarter worth $278,000. Fifth Third Bancorp boosted its holdings in shares of Atlas Energy Solutions by 5,434.5% during the 1st quarter. Fifth Third Bancorp now owns 17,987 shares of the company’s stock worth $236,000 after buying an additional 17,662 shares during the period. Maryland State Retirement & Pension System boosted its holdings in shares of Atlas Energy Solutions by 60.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 18,167 shares of the company’s stock worth $218,000 after buying an additional 6,856 shares during the period. Finally, Cetera Investment Advisers grew its stake in Atlas Energy Solutions by 6.9% in the 1st quarter. Cetera Investment Advisers now owns 21,094 shares of the company’s stock valued at $277,000 after buying an additional 1,357 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

About Atlas Energy Solutions

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.