Atlas Energy Solutions Inc. [AESI] stock is trading at $20.97, up 3.97%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AESI shares have gain 8.32% over the last week, with a monthly amount glided 21.69%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, Atlas Energy Solutions Inc. Completes Previously Announced Acquisition of Hi-Crush Inc. And Announces Promotion of John Turner to CEO. In a post published today on Yahoo Finance, Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced the completion of the acquisition of Hi-Crush Inc. (“Hi-Crush”). The transaction strengthens Atlas’s position as the largest proppant producer in the country, with a total combined annual production capacity of ~28 million tons per year, and an industry leading provider of proppant logistics in the Permian Basin. This acquisition brings together two of the leading innovators in the Permian proppant space and broadens Atlas’s logistics offering through the addition of Pronghorn, a leading multi-basin provider of proppant logistics and wellsite services. The combined logistics offerings are expected to drive significant operational efficiencies.
From an analyst’s perspective:
Atlas Energy Solutions Inc. [NYSE: AESI] stock has seen the most recent analyst activity on April 12, 2023, when Johnson Rice initiated its Buy rating and assigned the stock a price target of $24. Previously, CapitalOne started tracking the stock with Overweight rating on April 04, 2023, and set its price target to $25. On April 03, 2023, RBC Capital Mkts initiated with a Outperform rating and assigned a price target of $25 on the stock. Raymond James started tracking the stock assigning a Strong Buy rating and suggested a price target of $25 on April 03, 2023. Piper Sandler initiated its recommendation with a Overweight and recommended $28 as its price target on April 03, 2023. Goldman started tracking with a Buy rating for this stock on April 03, 2023, and assigned it a price target of $22. In a note dated April 03, 2023, Citigroup initiated an Buy rating and provided a target price of $23 on this stock.
Atlas Energy Solutions Inc. [AESI] stock has fluctuated between $14.81 and $24.56 over the past year. Currently, Wall Street analysts expect the stock to reach $23.5 within the next 12 months. Atlas Energy Solutions Inc. [NYSE: AESI] shares were valued at $20.97 at the most recent close of the market. An investor can expect a potential return of 12.06% based on the average AESI price forecast.
Analyzing the AESI fundamentals
Atlas Energy Solutions Inc. [NYSE:AESI] reported sales of 613.96M for the trailing twelve months, which represents a drop of -5.82%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.42%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.69 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.52 points at the first support level, and at 20.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.31, and for the 2nd resistance point, it is at 21.64.
Atlas Energy Solutions Inc. [AESI] reported earnings per share of $0.36 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.55/share, meaning a difference of -$0.19 and a surprise factor of -34.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.51 per share as compared to estimates of $0.66 per share, a difference of -$0.15 representing a surprise of -22.70%.
Ratios To Look Out For
For context, Atlas Energy Solutions Inc.’s Current Ratio is 3.44. In addition, the Quick Ratio stands at 3.81 and the Cash Ratio stands at 2.27. Considering the valuation of this stock, the price to sales ratio is 1.97 and price to earnings (TTM) ratio is 12.91.
Transactions by insiders
Recent insider trading involved Schmidt Richard W, Member of 10% Owner Group, that happened on Nov 17 ’23 when 0.35 million shares were sold. Member of 10% Owner Group, Schmidt Richard W completed a deal on Oct 18 ’23 to sell 8640.0 shares. Meanwhile, Member of 10% Owner Group Schmidt Richard W sold 36633.0 shares on Oct 17 ’23.
