Atlas Energy Solutions Inc. (NYSE:AESI) Given Consensus Rating of “Hold” by Analysts

Atlas Energy Solutions Inc. (NYSE:AESI) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.6286.

AESI has been the topic of several research reports. The Goldman Sachs Group boosted their target price on Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Wednesday, March 4th. Weiss Ratings downgraded Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, February 27th. Barclays lifted their price objective on Atlas Energy Solutions from $8.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Stephens set a $16.00 price objective on Atlas Energy Solutions in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada set a $12.00 price objective on shares of Atlas Energy Solutions in a report on Thursday, January 15th.

Atlas Energy Solutions Trading Down 3.3%

NYSE:AESI opened at $13.52 on Thursday. Atlas Energy Solutions has a 12 month low of $7.64 and a 12 month high of $19.00. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $11.52 and its 200 day moving average is $10.74. The stock has a market capitalization of $1.68 billion, a PE ratio of -33.80 and a beta of 1.31.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Chris Scholla sold 8,912 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.79, for a total value of $105,072.48. Following the completion of the transaction, the insider directly owned 567,972 shares of the company’s stock, valued at approximately $6,696,389.88. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory M. Shepard sold 130,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the sale, the insider directly owned 7,421,210 shares in the company, valued at $88,906,095.80. The trade was a 1.72% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 238,912 shares of company stock worth $2,837,472. Insiders own 15.98% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. PEAK6 LLC bought a new position in Atlas Energy Solutions in the 4th quarter worth about $591,000. Virtu Financial LLC bought a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at about $241,000. Invesco Ltd. increased its position in shares of Atlas Energy Solutions by 18.4% during the fourth quarter. Invesco Ltd. now owns 849,259 shares of the company’s stock valued at $8,000,000 after buying an additional 132,205 shares during the period. Alpine Woods Capital Investors LLC purchased a new stake in shares of Atlas Energy Solutions in the fourth quarter worth about $653,000. Finally, Papamarkou Wellner Asset Management inc. purchased a new stake in shares of Atlas Energy Solutions in the fourth quarter worth about $302,000. 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.