RBC Capital raised the firm’s price target on Atlas Energy (AESI) to $28 from $27 and keeps an Outperform rating on the shares. The $220M acquisition of Moser Energy Systems provides exposure to a new growth vertical at a reasonable valuation multiple, and the firm is constructive on the stock given its differentiated growth profile, strong margins as a low-cost sand provider, and upcoming free cash flow inflection, the analyst tells investors in a research note.
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Read More on AESI:
- Atlas Energy price target raised to $29 from $28 at Stephens
- China’s DeepSeek sinks tech, AT&T reports Q4 beat: Morning Buzz
- Atlas Energy Solutions Acquires Moser Energy Systems
- Hilltop Holdings to sell its interest in Moser Energy Systems to Atlas Energy
- Atlas Energy sees FY24 revenue $1.055B-$1.057B, consensus $1.06B