Stifel Affirms Atlas Energy Solution’s (AESI) ‘Buy’ Rating on Dune Express Prospects

Atlas Energy Solutions Inc. (NYSE:AESI) is one of the top energy stocks to consider for long-term investment. On August 11, analysts at Stifel reiterated a ‘Buy’ rating on the stock. However, the research firm cut the stock’s price target to $14 from $14.50.

The price target cut follows the energy company’s delivery of second-quarter results that missed expectations. The company reported a net loss of $0.04 per share, compared to the expected earnings of $1.08 per share. Atlas Energy reported revenue of $288.7 million, beating expectations of $239.17 million by 20.71%. In addition, the research firm raised concerns over near-term headwinds from the lackluster activity completion in the US.

Stifel maintains a Buy rating, impressed by the prospect of a fully operational Dune Express, which is likely to drive sales and market share gain in the long term. The research firm also echoed momentum in Atlas Energy’s Power generation segment.

Atlas Energy Solutions Inc. (NYSE:AESI) provides integrated proppant and logistics solutions to the oil and gas industry, primarily in the Permian Basin. It delivers proppant, a material used in hydraulic fracturing, and manages the associated logistics for its customers.

While we acknowledge the potential of Atlas Energy Solutions Inc. (NYSE:AESI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AESI and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.

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