Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $11.6286.

A number of brokerages have weighed in on AESI. The Goldman Sachs Group upped their target price on Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Wednesday, March 4th. Stephens set a $16.00 target price on shares of Atlas Energy Solutions in a research report on Tuesday, January 27th. 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 note on Tuesday, December 23rd. Barclays increased their price target on shares of Atlas Energy Solutions from $8.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Finally, Stifel Nicolaus set a $13.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, February 24th.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $13.52 on Thursday. The company’s 50 day simple moving average is $11.52 and its two-hundred day simple moving average is $10.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.46 and a quick ratio of 1.16. Atlas Energy Solutions has a 1 year low of $7.64 and a 1 year high of $19.00. The stock has a market capitalization of $1.68 billion, a PE ratio of -33.80 and a beta of 1.31.

Insiders Place Their Bets

In other news, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total value of $1,557,400.00. Following the completion of the transaction, the insider directly owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $11.79, for a total value of $105,072.48. Following the transaction, the insider owned 567,972 shares in the company, valued at $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 238,912 shares of company stock worth $2,837,472. 15.98% of the stock is owned by insiders.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds have recently bought and sold shares of AESI. EverSource Wealth Advisors LLC bought a new position in Atlas Energy Solutions during the second quarter valued at approximately $25,000. Quarry LP bought a new stake in shares of Atlas Energy Solutions in the 3rd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Atlas Energy Solutions by 91,500.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock worth $26,000 after acquiring an additional 2,745 shares during the last quarter. Islay Capital Management LLC purchased a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at $28,000. Finally, Centerpoint Advisors LLC grew its holdings in shares of Atlas Energy Solutions by 270.6% during the 3rd quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock valued at $32,000 after purchasing an additional 2,081 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

About Atlas Energy Solutions

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.