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

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have received a consensus rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $12.80.

Several analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of 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. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Stephens set a $16.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, January 27th. The Goldman Sachs Group lowered shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $12.00 to $8.00 in a research note on Thursday, November 20th. Finally, Barclays reissued an “underweight” rating and set a $7.00 target price (down previously from $11.00) on shares of Atlas Energy Solutions in a research report on Friday, November 14th.

Atlas Energy Solutions Stock Down 3.0%

AESI stock opened at $11.70 on Friday. The stock’s 50 day moving average is $10.80 and its 200-day moving average is $10.74. Atlas Energy Solutions has a twelve month low of $7.64 and a twelve month high of $21.78. The firm has a market capitalization of $1.45 billion, a PE ratio of -129.94 and a beta of 1.22. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.43.

Insiders Place Their Bets

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the business’s 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 transaction, the insider owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.98% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

A number of large investors have recently added to or reduced their stakes in the stock. Boston Partners purchased a new position in shares of Atlas Energy Solutions during the 2nd quarter valued at $627,000. AlphaQuest LLC boosted its stake in Atlas Energy Solutions by 520.9% during the third quarter. AlphaQuest LLC now owns 151,979 shares of the company’s stock valued at $1,728,000 after buying an additional 127,502 shares during the period. Kennedy Capital Management LLC grew its position in Atlas Energy Solutions by 35.4% during the second quarter. Kennedy Capital Management LLC now owns 943,501 shares of the company’s stock worth $12,615,000 after buying an additional 246,843 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Atlas Energy Solutions during the second quarter worth about $1,172,000. Finally, B & T Capital Management DBA Alpha Capital Management increased its stake in Atlas Energy Solutions by 8.3% in the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 419,550 shares of the company’s stock worth $5,609,000 after acquiring an additional 32,016 shares during the last quarter. Hedge funds and other institutional investors 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.