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

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been given a consensus recommendation of “Reduce” by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $11.9143.

A number of analysts recently weighed in on the company. Royal Bank Of Canada increased their price objective on Atlas Energy Solutions from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 2nd. Citigroup decreased their price objective on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. Weiss Ratings downgraded 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 report on Tuesday, February 24th. Finally, The Goldman Sachs Group increased their price objective on Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a report on Wednesday, March 4th.

Insiders Place Their Bets

In related 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 sale, the insider directly owned 7,421,210 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction on 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 of the company’s stock, valued at $6,696,389.88. The trade was a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 238,912 shares of company stock valued at $2,837,472 over the last 90 days. 16.40% of the stock is currently owned by company insiders.

Institutional Trading of Atlas Energy Solutions

A number of large investors have recently bought and sold shares of AESI. Royal Bank of Canada raised its position in shares of Atlas Energy Solutions by 26.0% in the 1st quarter. Royal Bank of Canada now owns 249,793 shares of the company’s stock worth $4,456,000 after acquiring an additional 51,477 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Atlas Energy Solutions by 14.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,209 shares of the company’s stock valued at $789,000 after purchasing an additional 5,579 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Atlas Energy Solutions by 18.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,409,054 shares of the company’s stock worth $25,138,000 after purchasing an additional 219,834 shares during the period. Schnieders Capital Management LLC. acquired a new stake in Atlas Energy Solutions during the second quarter worth approximately $134,000. Finally, Russell Investments Group Ltd. increased its holdings in Atlas Energy Solutions by 6.8% in the second quarter. Russell Investments Group Ltd. now owns 108,001 shares of the company’s stock worth $1,444,000 after purchasing an additional 6,869 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Up 0.1%

Shares of NYSE:AESI opened at $11.38 on Monday. The company has a fifty day moving average of $11.98 and a 200-day moving average of $10.91. The company has a market capitalization of $1.41 billion, a PE ratio of -28.44 and a beta of 0.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.46. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $14.93.

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.