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

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been assigned an average rating of “Hold” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.8778.

Several brokerages have recently weighed in on AESI. The Goldman Sachs Group cut shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and lowered their price target for the company from $12.00 to $8.00 in a research report on Thursday, November 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Atlas Energy Solutions in a report on Monday, December 29th. Barclays reaffirmed an “underweight” rating and set a $7.00 price target (down previously from $11.00) on shares of Atlas Energy Solutions in a research report on Friday, November 14th. Piper Sandler lowered their price objective 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. Finally, Citigroup reduced their target price on 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.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $10.34 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.09 and a current ratio of 1.35. The stock’s fifty day moving average is $9.61 and its two-hundred day moving average is $11.19. The firm has a market capitalization of $1.28 billion, a P/E ratio of -114.83 and a beta of 1.24. Atlas Energy Solutions has a fifty-two week low of $7.64 and a fifty-two week high of $26.86.

Insider Activity

In related news, major shareholder Chris Scholla sold 52,150 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $8.82, for a total value of $459,963.00. Following the sale, the insider directly owned 550,907 shares in the company, valued at approximately $4,858,999.74. The trade was a 8.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.98% of the company’s stock.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of hedge funds have recently made changes to their positions in AESI. EverSource Wealth Advisors LLC acquired a new stake in Atlas Energy Solutions in the 2nd quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Atlas Energy Solutions in the third quarter valued at $26,000. CWM LLC raised its holdings in shares of Atlas Energy Solutions by 244.4% in the 2nd quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $30,000 after buying an additional 1,586 shares during the period. Centerpoint Advisors LLC lifted its stake in Atlas Energy Solutions by 270.6% during the 3rd quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock worth $32,000 after acquiring an additional 2,081 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Atlas Energy Solutions during the 2nd quarter worth about $36,000. 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.