RBC Capital raised the firm’s price target on Atlas Energy (AESI) to $20 from $14 and keeps a Sector Perform rating on the shares after its Q1 results. The company’s earnings levels remain closer to trough levels, though the firm sees greenshoots of Permian sand demand and logistics margin improvement, the analyst tells investors in a research note.
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Read More on AESI:
- Atlas Energy Solutions: Sell Rating Reiterated as Positives Seen Priced In; $9 Price Target Unchanged
- Atlas Energy Reports Q1 Results, Expands Private Power Strategy
- Atlas Energy reports Q1 EPS (38c), consensus (20c)
- Atlas Energy Solutions, Inc. (AESI) Q1 Earnings Cheat Sheet
- Atlas Energy price target raised to $28 from $14 at Stifel