Streetbeat News

AESI

Atlas Energy Solutions Inc.

https://atlas.energy

Industry

Oil & Gas Equipment & Services

Atlas Energy Solutions Inc. provides proppant and logistics services to the oil and natural gas industry within the Permian Basin of West Texas and New Mexico. The company was founded in 2017 and is based in Austin, Texas.

Open

22.51

Mkt cap

2.4B

Volume

862K

High

22.98

P/E Ratio

31.06

52-wk high

24.93

Low

21.26

Div yield

0.04

52-wk low

15.55

Atlas Energy Solutions has revised its Q3 2024 guidance, expecting revenue between $300M-$310M and adjusted EBITDA of $70M-$75M, below previous estimates. The company will also book a $9M asset write-down.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 10:13 am

Shares of oil and gas companies are experiencing a decline due to reports that Saudi Arabia might increase its oil output.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:39 pm

Analysts have mixed views on Atlas Energy Solutions (NYSE:AESI) with recent ratings showing a slight bearish trend. The average 12-month price target has decreased by 4.24% to $26.17. Despite impressive revenue growth, the company faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 2:00 pm

Goldman Sachs analyst Neil Mehta maintains a Buy rating on Atlas Energy Solutions (NYSE:AESI) but lowers the price target from $28 to $25.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:43 pm

RBC Capital analyst Keith Mackey maintains an Outperform rating on Atlas Energy Solutions (NYSE:AESI) but lowers the price target from $27 to $26.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:40 pm

Six analysts have recently evaluated Atlas Energy Solutions (NYSE:AESI), providing a mix of bullish and somewhat bullish ratings. The average 12-month price target is $26.83, with a high of $28.00 and a low of $24.00. The company has shown strong revenue growth and profitability but has a lower return on equity compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 5:01 pm

Stephens & Co. analyst Mike Scialla has reiterated an Overweight rating on Atlas Energy Solutions (NYSE:AESI) and maintained a $28 price target.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:56 pm

Benchmark analyst Kurt Hallead has reiterated a Buy rating on Atlas Energy Solutions (NYSE:AESI) and maintained a $27 price target.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:48 pm

Atlas Energy Solutions (NYSE:AESI) reported Q2 2024 earnings per share (EPS) of $0.13, missing the analyst estimate of $0.30 by 56.67%. However, the company reported sales of $287.518 million, beating the estimate of $272.548 million by 5.49%. Compared to the same period last year, EPS decreased by 80.6%, while sales increased by 77.71%.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:55 pm

Atlas Energy Solutions has appointed Chris Scholla as the new Chief Operating Officer (COO).

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:38 pm

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