Atlas Energy Solutions (NYSE:AESI) Stock Rating Upgraded by Citigroup

Atlas Energy Solutions (NYSE:AESI) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $18.00 price objective on the stock, up from their previous price objective of $10.40. Citigroup’s target price would indicate a potential upside of 34.67% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Stephens set a $16.00 target price on Atlas Energy Solutions in a report on Tuesday, January 27th. Stifel Nicolaus set a $13.00 target price on Atlas Energy Solutions in a report on Tuesday, February 24th. Weiss Ratings cut Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, February 27th. Zacks Research upgraded Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Finally, Barclays boosted their target price on Atlas Energy Solutions from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Monday, April 6th. 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 company presently has an average rating of “Hold” and a consensus target price of $13.43.

Atlas Energy Solutions Stock Up 1.5%

Shares of NYSE:AESI opened at $13.37 on Wednesday. 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 1 year low of $7.64 and a 1 year high of $14.93. The stock has a market capitalization of $1.66 billion, a P/E ratio of -33.41 and a beta of 0.62. The stock has a 50-day simple moving average of $12.04 and a 200-day simple moving average of $10.95.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Chris Scholla sold 8,912 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.79, for a total transaction of $105,072.48. Following the transaction, the insider directly owned 567,972 shares of the company’s stock, valued at approximately $6,696,389.88. The trade was a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $1,557,400.00. Following the transaction, the insider directly owned 7,421,210 shares in the company, valued at $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 238,912 shares of company stock worth $2,837,472 over the last three months. 16.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of AESI. EverSource Wealth Advisors LLC acquired a new stake in shares of Atlas Energy Solutions during the 2nd quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Atlas Energy Solutions during the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd raised its position in shares of Atlas Energy Solutions by 91,500.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after acquiring an additional 2,745 shares in the last quarter. Islay Capital Management LLC acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter valued at approximately $28,000. Finally, Centerpoint Advisors LLC raised its position in shares of Atlas Energy Solutions by 270.6% during the 3rd quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock valued at $32,000 after acquiring an additional 2,081 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

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.