Atlas Energy SolutionsAESI
AESI
About: Atlas Energy Solutions Inc is a provider of proppant and logistics services to the oil and natural gas industry within the Permian Basin of West Texas and New Mexico, the most active oil and natural gas basin in North America. Proppant is necessary to facilitate the recovery of hydrocarbons from oil and natural gas wells. One hundred percent of its sand reserves are located in Winkler and Ward Counties, Texas, within the Permian Basin, and its operations consist of proppant production and processing facilities, including two facilities near Kermit, Texas, and a third facility near Monahans, Texas.
Employees: 490
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
266% more call options, than puts
Call options by funds: $22M | Put options by funds: $6M
81% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 43
44% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 25
20% more capital invested
Capital invested by funds: $1.16B [Q2] → $1.4B (+$234M) [Q3]
6% more funds holding
Funds holding: 174 [Q2] → 185 (+11) [Q3]
5.26% more ownership
Funds ownership: 53.16% [Q2] → 58.42% (+5.26%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$19
16%
downside
Avg. target
$22
4%
downside
High target
$25
10%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Citigroup Scott Gruber 44% 1-year accuracy 29 / 66 met price target | 3%downside $22 | Neutral Downgraded | 14 Nov 2024 |
Barclays Derek Podhaizer 44% 1-year accuracy 4 / 9 met price target | 16%downside $19 | Equal-Weight Downgraded | 12 Nov 2024 |
Goldman Sachs Neil Mehta 54% 1-year accuracy 22 / 41 met price target | 8%downside $21 | Neutral Downgraded | 7 Nov 2024 |
RBC Capital Keith Mackey 48% 1-year accuracy 11 / 23 met price target | 10%upside $25 | Outperform Reiterated | 30 Oct 2024 |
Financial journalist opinion
Neutral
PRNewsWire
2 weeks ago
Brigham Exploration Acquires Great Western Drilling Ltd.'s Non-Operated Assets in the Permian Basin
AUSTIN, Texas , Dec. 17, 2024 /PRNewswire/ -- Affiliates of Brigham Exploration ("BEXP"), a leading non-operated oil & gas company, announced today the acquisition of Great Western Drilling Ltd.'s ("GWDC") non-operated assets in Texas and New Mexico.
Neutral
MarketBeat
4 weeks ago
Atlas Energy Solutions: A New Star in the SmallCap 600 Index
Atlas Energy Solutions Inc. NYSE: AESI is North America's largest proppant producer used in hydraulic fracturing or "fracking" for oil and gas extraction. Fracking is the technique that allowed the United States to double its oil production over the last decade to become the world's largest oil producer.
Neutral
PRNewsWire
1 month ago
Texas Pacific Land Set to Join S&P 500, Mueller Industries to Join S&P MidCap 400 and Atlas Energy Solutions to Join S&P SmallCap 600
NEW YORK , Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE: TPL) will replace Marathon Oil Corp. (NYSE: MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE: MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE: AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE: COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions.
Neutral
Seeking Alpha
2 months ago
Atlas Energy Solutions Inc. (AESI) Q3 2024 Earnings Call Transcript
Atlas Energy Solutions Inc. (NYSE:AESI ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Kyle Turlington - Vice President, Investor Relations Bud Brigham - Executive Chairman John Turner - Chief Executive Officer Blake McCarthy - Chief Financial Officer Chris Scholla - Chief Operating Officer Conference Call Participants Jim Rollyson - Raymond James Kurt Hallead - Benchmark Keith MacKey - RBC Capital Markets David Smith - Pickering Energy Partners Sean Mitchell - Daniel Energy Partners Neil Mehta - Goldman Sachs Asset Management Operator Greetings, and welcome to the Atlas Energy Solutions Third Quarter 2024 Financial and Operational Results Conference Call. At this time, all participants are in a listen only mode.
Negative
Zacks Investment Research
2 months ago
Atlas Energy Solutions Inc. (AESI) Q3 Earnings and Revenues Lag Estimates
Atlas Energy Solutions Inc. (AESI) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.55 per share a year ago.
Neutral
Business Wire
2 months ago
Atlas Energy Solutions Announces Third Quarter 2024 Results; Increases Quarterly Dividend and Announces Authorization for $200mm Share Buyback Program
AUSTIN, Texas--(BUSINESS WIRE)--Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today reported financial and operating results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total sales of $304.4 million Net income of $3.9 million (1% Net Income Margin) Adjusted EBITDA of $71.1 million (23% Adjusted EBITDA Margin) (1) Net cash provided by operating activities of $85.2 million Adjusted Free Cash Flow of $58.7 million (19% Adjusted Free Cash Flow.
Negative
Zacks Investment Research
2 months ago
Earnings Preview: Atlas Energy Solutions Inc. (AESI) Q3 Earnings Expected to Decline
Atlas Energy Solutions Inc. (AESI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
2 months ago
Atlas Energy Solutions Announces Commissioning of the Dune Express and Provides Third Quarter 2024 Operational Update
AUSTIN, Texas--(BUSINESS WIRE)--Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that the commissioning of the Dune Express, a 42-mile long, fully electric conveyor system that is expected to transform proppant logistics in the Permian Basin, began early this week. The system remains on-time and on-budget with the commercial transportation of proppant into the Delaware Basin scheduled to begin in late Q4. Additionally, the Company expects higher plant operatin.
Neutral
Business Wire
4 months ago
Atlas Energy Solutions Announces Election of CEO John Turner to Board of Directors
AUSTIN, Texas--(BUSINESS WIRE)--Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that on August 22, 2024, the Company's Board of Directors (the “Board”) increased the size of the Board from eight members to nine and elected John Turner, the Company's current Chief Executive Officer, to the Board, effective immediately. “John will bring an invaluable perspective to the Board through his extensive experience as an executive in the oil and gas industry,” said Ben.
Positive
Seeking Alpha
4 months ago
Atlas Energy Solutions: An Intriguing High-Yield Energy Play
Atlas Energy Solutions Inc. shares have fallen 20% since May 2024 due to a fire at a key facility and decreasing rig count. However, the company has increased production capacity by acquiring Hi-Crush, leading to a near monopoly position in the Permian Basin. The company's game-changing Dune Express project is set to come online in 4Q24, reducing operating costs and improving efficiency.
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