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

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have received an average rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $20.00.

A number of equities analysts recently commented on the company. Citigroup lifted their price target on Atlas Energy Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Barclays lifted their price target on Atlas Energy Solutions from $12.00 to $16.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Stifel Nicolaus set a $28.00 price target on Atlas Energy Solutions in a research note on Friday, May 1st. Piper Sandler lifted their price target on Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group lifted their price target on Atlas Energy Solutions from $9.00 to $14.00 and gave the stock a “sell” rating in a research note on Wednesday, June 3rd.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new stake in shares of Atlas Energy Solutions during the 2nd quarter valued at about $25,000. Quarry LP bought a new stake in shares of Atlas Energy Solutions during the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased 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 period. Islay Capital Management LLC acquired a new stake in shares of Atlas Energy Solutions in the 4th quarter worth about $28,000. Finally, State of Wyoming acquired a new stake in shares of Atlas Energy Solutions in the 1st quarter worth about $48,000. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Up 1.1%

NYSE:AESI opened at $16.82 on Friday. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of -21.30 and a beta of 1.02. Atlas Energy Solutions has a one year low of $7.64 and a one year high of $20.13. The stock has a 50-day simple moving average of $17.26 and a 200 day simple moving average of $13.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.17.

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.