Atlas Energy Solutions (NYSE:AESI) Price Target Raised to $8.00

Atlas Energy Solutions (NYSE:AESI) had its price objective increased by Barclays from $7.00 to $8.00 in a report released on Thursday,Benzinga reports. Barclays currently has an underweight rating on the stock.

Several other brokerages also recently commented on AESI. Royal Bank Of Canada set a $12.00 target price on shares of Atlas Energy Solutions in a report on Thursday, January 15th. Piper Sandler dropped their price objective on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, November 17th. The Goldman Sachs Group cut 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 research report on Thursday, November 20th. Zacks Research raised Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Finally, Citigroup dropped their price target on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a research report on Tuesday, December 23rd. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.06.

Atlas Energy Solutions Stock Down 2.3%

Shares of Atlas Energy Solutions stock opened at $9.61 on Thursday. Atlas Energy Solutions has a 12-month low of $7.64 and a 12-month high of $19.83. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average price of $10.85 and a two-hundred day moving average price of $10.68. The stock has a market capitalization of $1.19 billion, a P/E ratio of -24.01 and a beta of 1.22.

Insider Buying and Selling at Atlas Energy Solutions

In other news, insider Gregory M. Shepard sold 130,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the sale, the insider directly owned 7,421,210 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 15.98% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Several institutional investors and hedge funds have recently bought and sold shares of AESI. EverSource Wealth Advisors LLC bought a new position in shares of Atlas Energy Solutions during the 2nd quarter worth about $25,000. CWM LLC raised its position in Atlas Energy Solutions by 244.4% in the second quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after purchasing an additional 1,586 shares in the last quarter. Quarry LP acquired a new position in Atlas Energy Solutions in the third quarter worth about $26,000. Nisa Investment Advisors LLC lifted its stake in Atlas Energy Solutions by 233.5% during the second quarter. Nisa Investment Advisors LLC now owns 2,668 shares of the company’s stock worth $36,000 after purchasing an additional 1,868 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Atlas Energy Solutions by 91,500.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after purchasing an additional 2,745 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

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.