The Goldman Sachs Group Boosts Atlas Energy Solutions (NYSE:AESI) Price Target to $9.00

Atlas Energy Solutions (NYSE:AESI) had its price target increased by equities researchers at The Goldman Sachs Group from $8.00 to $9.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price points to a potential downside of 20.42% from the stock’s current price.

A number of other analysts have also weighed in on AESI. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Piper Sandler lowered their price target on 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. Royal Bank Of Canada set a $12.00 price objective on Atlas Energy Solutions in a report on Thursday, January 15th. Stephens set a $16.00 target price on Atlas Energy Solutions in a research note on Tuesday, January 27th. Finally, Barclays upped their target price on Atlas Energy Solutions from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.20.

Atlas Energy Solutions Stock Up 12.6%

Shares of NYSE AESI opened at $11.31 on Wednesday. The firm’s fifty day moving average is $10.91 and its 200 day moving average is $10.65. Atlas Energy Solutions has a 52 week low of $7.64 and a 52 week high of $19.00. The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -28.27 and a beta of 1.31.

Insider Buying and Selling at Atlas Energy Solutions

In other news, insider Gregory M. Shepard sold 130,000 shares of the 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 completion of the transaction, the insider owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.98% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds have recently made changes to their positions in the company. Boston Partners purchased a new position in Atlas Energy Solutions in the 2nd quarter worth approximately $627,000. AlphaQuest LLC increased its holdings in shares of Atlas Energy Solutions by 520.9% in the 3rd quarter. AlphaQuest LLC now owns 151,979 shares of the company’s stock worth $1,728,000 after purchasing an additional 127,502 shares in the last quarter. Kennedy Capital Management LLC raised its stake in shares of Atlas Energy Solutions by 35.4% in the second quarter. Kennedy Capital Management LLC now owns 943,501 shares of the company’s stock worth $12,615,000 after purchasing an additional 246,843 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Atlas Energy Solutions during the second quarter valued at $1,172,000. Finally, Villere ST Denis J & Co. LLC boosted its position in shares of Atlas Energy Solutions by 10.5% during the third quarter. Villere ST Denis J & Co. LLC now owns 2,219,928 shares of the company’s stock valued at $25,241,000 after buying an additional 211,203 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

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.