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

Atlas Energy Solutions Inc. (NYSE:AESI) has received an average rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $12.80.

Several brokerages have recently commented on AESI. Citigroup decreased their price objective on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. The Goldman Sachs Group cut Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $12.00 to $8.00 in a research note on Thursday, November 20th. Barclays reaffirmed an “underweight” rating and issued a $7.00 price objective (down from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Royal Bank Of Canada set a $12.00 target price on Atlas Energy Solutions in a research note on Thursday, January 15th. Finally, Stephens set a $16.00 target price on Atlas Energy Solutions in a report on Tuesday.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Chris Scholla sold 52,150 shares of Atlas Energy Solutions stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $8.82, for a total value of $459,963.00. Following the completion of the transaction, the insider owned 550,907 shares in the company, valued at approximately $4,858,999.74. The trade was a 8.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 15.98% of the company’s stock.

Hedge Funds Weigh In On Atlas Energy Solutions

Several institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new stake in Atlas Energy Solutions in the 2nd quarter valued at about $25,000. Quarry LP acquired a new stake in Atlas Energy Solutions in the third quarter valued at approximately $26,000. CWM LLC raised its holdings in Atlas Energy Solutions by 244.4% in the second quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $30,000 after acquiring an additional 1,586 shares in the last quarter. Centerpoint Advisors LLC lifted its stake in Atlas Energy Solutions by 270.6% in the third quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock worth $32,000 after acquiring an additional 2,081 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Atlas Energy Solutions during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Up 0.8%

Shares of AESI opened at $11.59 on Wednesday. The company’s 50-day moving average price is $9.87 and its 200 day moving average price is $10.93. Atlas Energy Solutions has a 12-month low of $7.64 and a 12-month high of $26.86. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.44 billion, a P/E ratio of -128.80 and a beta of 1.24.

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.