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

Atlas Energy Solutions Inc. (NYSE:AESI) has received an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.80.

Several equities research analysts recently weighed in on AESI shares. Royal Bank Of Canada set a $12.00 target price on Atlas Energy Solutions in a research note on Thursday, January 15th. The Goldman Sachs Group cut shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $12.00 to $8.00 in a report on Thursday, November 20th. Citigroup lowered their target price on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. Barclays reiterated an “underweight” rating and set a $7.00 price target (down from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Atlas Energy Solutions in a research note on Monday, December 29th.

Insider Activity

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 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 filing with the SEC, which is available through the SEC website. 15.98% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of hedge funds have recently modified their holdings of the business. Liontrust Investment Partners LLP boosted its stake in shares of Atlas Energy Solutions by 5,408.1% during the second quarter. Liontrust Investment Partners LLP now owns 1,075,400 shares of the company’s stock worth $14,378,000 after buying an additional 1,055,876 shares during the period. Cooke & Bieler LP raised its stake in Atlas Energy Solutions by 29.0% during the 3rd quarter. Cooke & Bieler LP now owns 4,153,554 shares of the company’s stock valued at $47,226,000 after acquiring an additional 934,114 shares during the last quarter. CenterBook Partners LP lifted its position in Atlas Energy Solutions by 1,359.1% during the 2nd quarter. CenterBook Partners LP now owns 921,889 shares of the company’s stock worth $12,326,000 after acquiring an additional 858,708 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Atlas Energy Solutions by 431.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 829,348 shares of the company’s stock valued at $11,088,000 after purchasing an additional 673,221 shares during the last quarter. Finally, Consolidated Portfolio Review Corp acquired a new position in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $5,915,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Stock Up 0.8%

Shares of NYSE AESI opened at $11.59 on Wednesday. The business has a 50-day moving average of $9.87 and a two-hundred day moving average of $10.93. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -128.80 and a beta of 1.24. Atlas Energy Solutions has a 1 year low of $7.64 and a 1 year high of $26.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.35 and a quick ratio of 1.09.

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.