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

Atlas Energy Solutions (NYSE:AESI) had its price objective reduced by equities research analysts at Citigroup from $21.00 to $17.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 29.54% from the company’s previous close.

AESI has been the subject of a number of other reports. Barclays lowered their target price on shares of Atlas Energy Solutions from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. The Goldman Sachs Group set a $12.00 price target on shares of Atlas Energy Solutions in a report on Friday, August 7th. Stifel Nicolaus lowered their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Raymond James Financial raised shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a report on Tuesday, June 2nd. Finally, Piper Sandler reduced their target price on Atlas Energy Solutions from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, August 27th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.12.

Atlas Energy Solutions Stock Up 0.7%

NYSE:AESI traded up $0.09 during mid-day trading on Thursday, hitting $13.12. 377,794 shares of the company’s stock traded hands, compared to its average volume of 3,544,650. The company has a fifty day moving average of $13.09 and a 200 day moving average 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. Atlas Energy Solutions has a twelve month low of $7.64 and a twelve month high of $20.13. The company has a market capitalization of $1.64 billion, a P/E ratio of -13.80 and a beta of 1.17.

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

Institutional Trading of Atlas Energy Solutions

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC acquired a new position in Atlas Energy Solutions in the second quarter valued at approximately $25,000. Quarry LP purchased a new position in shares of Atlas Energy Solutions during the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Atlas Energy Solutions by 91,500.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after purchasing an additional 2,745 shares in the last quarter. Islay Capital Management LLC acquired a new position in shares of Atlas Energy Solutions in the 4th quarter valued at $28,000. Finally, State of Wyoming acquired a new position in shares of Atlas Energy Solutions in the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.