Q3 2023 Earnings Estimate for Atlas Energy Solutions Inc. Issued By Capital One Financial (NYSE:AESI)

Atlas Energy Solutions Inc. (NYSE:AESI) – Analysts at Capital One Financial lifted their Q3 2023 earnings per share estimates for Atlas Energy Solutions in a report issued on Monday, September 11th. Capital One Financial analyst D. Becker now forecasts that the company will earn $0.69 per share for the quarter, up from their previous forecast of $0.67. The consensus estimate for Atlas Energy Solutions’ current full-year earnings is $2.75 per share. Capital One Financial also issued estimates for Atlas Energy Solutions’ Q4 2023 earnings at $0.72 EPS, Q1 2024 earnings at $0.64 EPS, Q2 2024 earnings at $0.79 EPS, FY2024 earnings at $3.32 EPS, Q1 2025 earnings at $1.09 EPS and Q2 2025 earnings at $1.10 EPS.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, July 31st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $161.79 million during the quarter, compared to analyst estimates of $144.51 million.

Several other equities analysts have also weighed in on the company. Raymond James increased their target price on Atlas Energy Solutions from $25.00 to $27.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Atlas Energy Solutions in a research report on Wednesday, August 2nd. Stephens restated an “overweight” rating and set a $23.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, August 1st. The Goldman Sachs Group lifted their target price on Atlas Energy Solutions from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Citigroup lifted their price target on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, August 16th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Atlas Energy Solutions presently has a consensus rating of “Buy” and an average target price of $25.00.

Atlas Energy Solutions Price Performance

NYSE:AESI opened at $23.82 on Tuesday. Atlas Energy Solutions has a 1-year low of $15.06 and a 1-year high of $24.10. The firm has a 50-day moving average of $20.41. The company has a current ratio of 3.22, a quick ratio of 3.10 and a debt-to-equity ratio of 1.32.

Atlas Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 10th were issued a $0.20 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.80 annualized dividend and a dividend yield of 3.36%.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Atlas Energy Solutions by 526.7% in the second quarter. Royal Bank of Canada now owns 2,206 shares of the company’s stock valued at $37,000 after acquiring an additional 1,854 shares in the last quarter. Avondale Wealth Management acquired a new position in shares of Atlas Energy Solutions in the second quarter valued at about $52,000. Russell Investments Group Ltd. acquired a new stake in Atlas Energy Solutions during the second quarter worth approximately $53,000. Strs Ohio acquired a new stake in Atlas Energy Solutions during the second quarter worth approximately $59,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Atlas Energy Solutions during the first quarter worth approximately $68,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

Atlas Energy Solutions Company Profile

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.