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

Atlas Energy Solutions Inc. (NYSE:AESI) has received a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $19.6250.

AESI has been the topic of a number of analyst reports. Stifel Nicolaus set a $28.00 target price on Atlas Energy Solutions in a report on Friday, May 1st. Citigroup cut their price target on Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Raymond James Financial upgraded Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research report on Tuesday, June 2nd. Weiss Ratings raised Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 5th. Finally, Piper Sandler lifted their price objective on Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds have recently modified their holdings of the company. Wasatch Advisors LP acquired a new position in shares of Atlas Energy Solutions in the second quarter valued at approximately $30,468,000. Steadtrust LLC lifted its stake in shares of Atlas Energy Solutions by 27.5% during the second quarter. Steadtrust LLC now owns 102,000 shares of the company’s stock valued at $1,694,000 after buying an additional 22,000 shares during the period. Tactive Advisors LLC boosted its position in Atlas Energy Solutions by 12.1% during the second quarter. Tactive Advisors LLC now owns 68,291 shares of the company’s stock worth $1,134,000 after acquiring an additional 7,359 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Atlas Energy Solutions in the 2nd quarter worth approximately $3,502,000. Finally, Empowered Funds LLC purchased a new stake in Atlas Energy Solutions in the 1st quarter worth approximately $932,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Trading Up 3.4%

Shares of Atlas Energy Solutions stock opened at $14.23 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 0.94. Atlas Energy Solutions has a 1 year low of $7.64 and a 1 year high of $20.13. The company has a market capitalization of $1.78 billion, a P/E ratio of -18.02 and a beta of 1.01. The business has a 50 day moving average price of $16.57 and a 200 day moving average price of $13.99.

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.