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Atlas Energy Solutions (AESI) Price Target Reduced by Analysts
Yahoo Finance· 2025-11-20 03:25
Core Insights - Atlas Energy Solutions Inc. (NYSE:AESI) experienced an 11.1% decline in share price from November 11 to November 18, 2025, ranking among the energy stocks that lost the most during that week [1] Financial Performance - The company reported disappointing third-quarter results on November 3, missing both earnings and revenue estimates due to lost sales, increased costs, and ongoing issues at its Kermit facility [3] - Adjusted EBITDA for the quarter was $40.2 million, reflecting a 43% sequential decline, with expectations for further decreases in the next quarter due to persistent high costs and sluggish sales volumes [3] Dividend and Analyst Ratings - Atlas Energy Solutions announced the suspension of its quarterly dividend to strengthen its balance sheet and allow for potential growth opportunities [3] - Barclays downgraded the stock from 'Equal Weight' to 'Underweight' on November 14, reducing the price target from $11 to $7 [3] - On November 17, Piper Sandler lowered its price target from $12 to $10 while maintaining a 'Neutral' rating, citing ongoing challenges in the company's base OFS business and the impact of the dividend suspension [4]