Atlas Energy Solutions (NYSE:AESI) Price Target Raised to $12.00 at Barclays

Atlas Energy Solutions (NYSE:AESIFree Report) had its price target increased by Barclays from $11.00 to $12.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other brokerages also recently weighed in on AESI. Weiss Ratings downgraded shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, February 27th. Royal Bank Of Canada increased their price target on shares of Atlas Energy Solutions from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 2nd. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Citigroup cut their price target on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a research report on Tuesday, December 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Atlas Energy Solutions presently has an average rating of “Reduce” and an average target price of $11.91.

Read Our Latest Stock Analysis on Atlas Energy Solutions

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI opened at $11.25 on Monday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -28.11 and a beta of 0.62. The firm’s 50 day simple moving average is $12.00 and its 200 day simple moving average is $10.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.46 and a quick ratio of 1.16. Atlas Energy Solutions has a fifty-two week low of $7.64 and a fifty-two week high of $14.93.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions 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 transaction of $105,072.48. Following the sale, the insider directly owned 567,972 shares in the company, valued at approximately $6,696,389.88. This trade represents a 1.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gregory M. Shepard sold 130,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 7,421,210 shares in the company, valued at $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 238,912 shares of company stock worth $2,837,472 over the last 90 days. Corporate insiders own 15.98% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

Several hedge funds have recently bought and sold shares of the stock. PEAK6 LLC acquired a new stake in Atlas Energy Solutions during the 4th quarter worth approximately $591,000. Virtu Financial LLC acquired a new stake in Atlas Energy Solutions during the 4th quarter worth approximately $241,000. Invesco Ltd. raised its holdings in Atlas Energy Solutions by 18.4% during the 4th quarter. Invesco Ltd. now owns 849,259 shares of the company’s stock worth $8,000,000 after buying an additional 132,205 shares during the period. Alpine Woods Capital Investors LLC acquired a new stake in Atlas Energy Solutions during the 4th quarter worth approximately $653,000. Finally, Papamarkou Wellner Asset Management inc. acquired a new stake in Atlas Energy Solutions during the 4th quarter worth approximately $302,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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Atlas Energy Solutions Company Profile

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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.

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Analyst Recommendations for Atlas Energy Solutions (NYSE:AESI)

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