BUZZ-Atlas Energy falls after Citigroup downgrades to 'neutral'

Reuters11-14 23:02

** Oilfield services firm Atlas Energy Solutions' shares fall ~1.5% to $20.8

** Citigroup downgrades AESI to "neutral" from "buy"; cuts PT to $22 from $23

** Brokerage says AESI's stock rallied despite its sand production segment's fundamentals weakening

** "Rally pushed stock to a full valuation" - Citigroup

** Nine of 11 brokerages rate the stock "buy" or higher, 2 "hold"; their median PT is $23 - LSEG data

** Including session's moves, stock up ~22.7% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment