Atlas Energy Solutions (NYSE:AESI) Upgraded at Zacks Research

Zacks Research upgraded shares of Atlas Energy Solutions (NYSE:AESI) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

AESI has been the topic of several other research reports. Citigroup cut their price objective on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. Barclays reaffirmed an “underweight” rating and set a $7.00 price target (down previously from $11.00) on shares of Atlas Energy Solutions in a research report on Friday, November 14th. Piper Sandler decreased their target price on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Stephens set a $16.00 price target on Atlas Energy Solutions in a research note on Tuesday. Finally, Royal Bank Of Canada set a $12.00 price objective on Atlas Energy Solutions in a report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.80.

Atlas Energy Solutions Price Performance

Shares of AESI opened at $11.69 on Monday. The stock has a market cap of $1.45 billion, a P/E ratio of -129.93 and a beta of 1.24. The stock’s 50-day moving average price is $9.93 and its two-hundred day moving average price is $10.94. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. Atlas Energy Solutions has a 1 year low of $7.64 and a 1 year high of $25.44.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Chris Scholla sold 52,150 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $8.82, for a total transaction of $459,963.00. Following the sale, the insider directly owned 550,907 shares in the company, valued at $4,858,999.74. This represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 15.98% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in Atlas Energy Solutions during the 2nd quarter worth approximately $25,000. CWM LLC lifted its stake in shares of Atlas Energy Solutions by 244.4% in the second quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after acquiring an additional 1,586 shares during the period. Quarry LP bought a new stake in Atlas Energy Solutions in the third quarter valued at approximately $26,000. Nisa Investment Advisors LLC boosted its stake in shares of Atlas Energy Solutions by 233.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,668 shares of the company’s stock valued at $36,000 after purchasing an additional 1,868 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Atlas Energy Solutions during the second quarter valued at $36,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.