Atlas Energy Solutions Inc. (NYSE:AESI) Given Consensus Rating of “Hold” by Analysts

Atlas Energy Solutions Inc. (NYSE:AESI) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.8778.

Several analysts have issued reports on the company. Barclays reaffirmed an “underweight” rating and issued a $7.00 target price (down previously from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Atlas Energy Solutions in a research note on Monday. The Goldman Sachs Group cut shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $12.00 to $8.00 in a research report on Thursday, November 20th. Piper Sandler lowered their price target on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. Finally, Citigroup cut their price target on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a research report on Tuesday, December 23rd.

Insiders Place Their Bets

In related news, major shareholder Chris Scholla sold 52,150 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $8.82, for a total transaction of $459,963.00. Following the transaction, the insider directly owned 550,907 shares in the company, valued at $4,858,999.74. This trade represents a 8.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.98% of the stock is owned by corporate insiders.

Institutional Trading of Atlas Energy Solutions

A number of institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC purchased a new position in shares of Atlas Energy Solutions in the second quarter worth $25,000. Quarry LP purchased a new stake in Atlas Energy Solutions during the 3rd quarter valued at $26,000. CWM LLC grew its holdings in Atlas Energy Solutions by 244.4% in the 2nd quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after acquiring an additional 1,586 shares during the last quarter. Centerpoint Advisors LLC raised its stake in shares of Atlas Energy Solutions by 270.6% during the third quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock valued at $32,000 after acquiring an additional 2,081 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Atlas Energy Solutions during the second quarter worth about $36,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Price Performance

Shares of Atlas Energy Solutions stock opened at $9.69 on Friday. The firm has a market capitalization of $1.20 billion, a PE ratio of -107.68 and a beta of 1.24. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. Atlas Energy Solutions has a 12 month low of $7.64 and a 12 month high of $26.86. The business’s 50-day moving average price is $9.76 and its 200-day moving average price is $11.34.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions (NYSE: AESI) is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.