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

Atlas Energy Solutions Inc. (NYSE:AESI) has earned an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.80.

Several research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 11th. Zacks Research raised Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Stephens set a $16.00 target price on Atlas Energy Solutions in a research note on Tuesday, January 27th. Royal Bank Of Canada set a $12.00 price target on shares of Atlas Energy Solutions in a research report on Thursday, January 15th. Finally, Barclays reissued 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.

Insider Buying and Selling

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total value of $1,557,400.00. Following the completion of the sale, the insider directly owned 7,421,210 shares of the company’s stock, valued at $88,906,095.80. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 15.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Millennium Management LLC lifted its stake in shares of Atlas Energy Solutions by 3,783.3% in the 4th quarter. Millennium Management LLC now owns 1,883,042 shares of the company’s stock valued at $17,738,000 after acquiring an additional 1,834,551 shares during the last quarter. UBS Group AG increased its stake in Atlas Energy Solutions by 139.6% in the 4th quarter. UBS Group AG now owns 2,170,655 shares of the company’s stock worth $20,448,000 after purchasing an additional 1,264,530 shares during the period. Nixon Capital LLC bought a new stake in Atlas Energy Solutions in the fourth quarter valued at approximately $11,284,000. Wellington Management Group LLP purchased a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at approximately $10,813,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Atlas Energy Solutions by 1,128.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,223,333 shares of the company’s stock worth $11,524,000 after purchasing an additional 1,123,767 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Trading Down 3.0%

Shares of Atlas Energy Solutions stock opened at $11.70 on Friday. 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 has a 1 year low of $7.64 and a 1 year high of $21.78. The firm has a market cap of $1.45 billion, a PE ratio of -129.94 and a beta of 1.22. The company has a 50 day simple moving average of $10.80 and a two-hundred day simple moving average of $10.74.

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.