Atlas Energy Solutions (NYSE:AESI) Price Target Raised to $13.00 at Royal Bank Of Canada

Atlas Energy Solutions (NYSE:AESI) had its price target hoisted by Royal Bank Of Canada from $12.00 to $13.00 in a research note issued to investors on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other research analysts have also recently issued reports about the company. Citigroup decreased their target price on 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. The Goldman Sachs Group raised their price target on Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Wednesday, March 4th. Weiss Ratings cut Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, February 27th. Stifel Nicolaus set a $13.00 price objective on Atlas Energy Solutions in a research report on Tuesday, February 24th. Finally, Stephens set a $16.00 target price on Atlas Energy Solutions in a research note on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Atlas Energy Solutions currently has an average rating of “Reduce” and a consensus target price of $11.77.

Atlas Energy Solutions Price Performance

Shares of AESI stock opened at $12.16 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.47. Atlas Energy Solutions has a 12-month low of $7.64 and a 12-month high of $17.67. The firm has a fifty day moving average of $12.00 and a 200-day moving average of $10.91. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -30.40 and a beta of 0.62.

Insiders Place Their Bets

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of Atlas Energy Solutions 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 sale, the insider owned 7,421,210 shares of the company’s stock, valued at $88,906,095.80. This trade represents a 1.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Chris Scholla sold 8,912 shares of the business’s 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 completion of the sale, the insider owned 567,972 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 238,912 shares of company stock valued at $2,837,472. Company insiders own 15.98% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Atlas Energy Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock valued at $75,438,000 after acquiring an additional 215,243 shares in the last quarter. Cooperman Leon G raised its holdings in shares of Atlas Energy Solutions by 4.0% in the third quarter. Cooperman Leon G now owns 5,366,363 shares of the company’s stock valued at $61,016,000 after purchasing an additional 204,268 shares during the last quarter. Cooke & Bieler LP raised its holdings in shares of Atlas Energy Solutions by 0.8% in the fourth quarter. Cooke & Bieler LP now owns 4,186,243 shares of the company’s stock valued at $39,434,000 after purchasing an additional 32,689 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Atlas Energy Solutions by 0.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,349,507 shares of the company’s stock worth $31,552,000 after purchasing an additional 25,167 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Atlas Energy Solutions by 5.0% in the fourth quarter. State Street Corp now owns 3,242,112 shares of the company’s stock worth $30,541,000 after purchasing an additional 155,028 shares in the last quarter. Institutional investors and hedge funds 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.