Atlas Energy Solutions (NYSE:AESI) Shares Up 9% on Analyst Upgrade

Atlas Energy Solutions Inc. (NYSE:AESI) shares rose 9% during mid-day trading on Thursday after The Goldman Sachs Group raised their price target on the stock from $8.00 to $9.00. The Goldman Sachs Group currently has a sell rating on the stock. Atlas Energy Solutions traded as high as $11.07 and last traded at $10.94. Approximately 1,122,661 shares traded hands during trading, a decline of 52% from the average daily volume of 2,348,847 shares. The stock had previously closed at $10.04.

Several other research analysts have also recently issued reports on AESI. Piper Sandler cut their target price on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Citigroup dropped 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 report on Tuesday, December 23rd. Stifel Nicolaus set a $13.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, February 24th. Royal Bank Of Canada set a $12.00 price objective on shares of Atlas Energy Solutions in a research report on Thursday, January 15th. Finally, Weiss Ratings downgraded shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.20.

Insiders Place Their Bets

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the stock in a transaction on 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 owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.98% of the stock is currently owned by insiders.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Boston Partners bought a new position in shares of Atlas Energy Solutions during the second quarter valued at $627,000. AlphaQuest LLC increased its holdings in Atlas Energy Solutions by 520.9% in the 3rd quarter. AlphaQuest LLC now owns 151,979 shares of the company’s stock worth $1,728,000 after buying an additional 127,502 shares in the last quarter. Kennedy Capital Management LLC raised its position in Atlas Energy Solutions by 35.4% in the 2nd quarter. Kennedy Capital Management LLC now owns 943,501 shares of the company’s stock worth $12,615,000 after buying an additional 246,843 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Atlas Energy Solutions in the 2nd quarter worth about $1,172,000. Finally, Villere ST Denis J & Co. LLC lifted its stake in Atlas Energy Solutions by 10.5% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 2,219,928 shares of the company’s stock valued at $25,241,000 after acquiring an additional 211,203 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

Atlas Energy Solutions Stock Performance

The business’s fifty day moving average price is $10.91 and its 200-day moving average price is $10.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.46. The stock has a market cap of $1.40 billion, a PE ratio of -28.27 and a beta of 1.31.

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.