Atlas Energy Solutions (NYSE:AESI) Price Target Raised to $11.00

Atlas Energy Solutions (NYSE:AESI) had its target price upped by Barclays from $8.00 to $11.00 in a research report released on Thursday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

Other research analysts have also issued research reports about the company. Zacks Research upgraded Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Citigroup decreased their price target on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. 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 research note on Thursday, January 15th. Finally, The Goldman Sachs Group lifted their price objective on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.63.

Atlas Energy Solutions Stock Up 0.8%

Shares of NYSE AESI opened at $13.61 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.46 and a quick ratio of 1.16. The company has a 50-day moving average price of $11.30 and a 200-day moving average price of $10.70. The stock has a market capitalization of $1.69 billion, a P/E ratio of -34.01 and a beta of 1.31. Atlas Energy Solutions has a 1 year low of $7.64 and a 1 year high of $19.00.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Chris Scholla sold 8,912 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the completion of the sale, the insider owned 567,972 shares in the company, valued at approximately $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gregory M. Shepard sold 130,000 shares of Atlas Energy Solutions stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the completion of the sale, the insider directly owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 238,912 shares of company stock valued at $2,837,472 in the last 90 days. 15.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new position in Atlas Energy Solutions in the second quarter valued at approximately $25,000. Quarry LP purchased a new stake in Atlas Energy Solutions in the third quarter worth $26,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Atlas Energy Solutions by 91,500.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after buying an additional 2,745 shares during the period. Islay Capital Management LLC bought a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at $28,000. Finally, Centerpoint Advisors LLC lifted 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 buying an additional 2,081 shares during the last quarter. Institutional investors 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.