Atlas Energy Solutions (NYSE:AESI) Trading Up 3.5% – Should You Buy?

Atlas Energy Solutions Inc. (NYSE:AESI) shot up 3.5% during trading on Tuesday . The company traded as high as $9.40 and last traded at $9.6330. 26,668 shares changed hands during trading, a decline of 99% from the average session volume of 2,040,568 shares. The stock had previously closed at $9.31.

Wall Street Analyst Weigh In

AESI has been the topic of several research reports. Weiss Ratings cut shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. The Goldman Sachs Group cut shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $12.00 to $8.00 in a research note on Thursday, November 20th. Citigroup reduced their target price on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a report on Tuesday. Piper Sandler lowered their price target on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, November 17th. Finally, Barclays reiterated an “underweight” rating and issued a $7.00 price target (down previously from $11.00) on shares of Atlas Energy Solutions in a research report on Friday, November 14th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.88.

Atlas Energy Solutions Trading Down 1.4%

The company’s 50 day moving average price is $9.88 and its two-hundred day moving average price is $11.56. The firm has a market cap of $1.20 billion, a PE ratio of -107.17 and a beta of 1.29. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.43.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AESI. Encompass Capital Advisors LLC purchased a new stake in shares of Atlas Energy Solutions in the first quarter worth approximately $43,614,000. Liontrust Investment Partners LLP boosted its holdings in Atlas Energy Solutions by 5,408.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 1,075,400 shares of the company’s stock valued at $14,378,000 after acquiring an additional 1,055,876 shares during the period. Zimmer Partners LP bought a new position in Atlas Energy Solutions in the 1st quarter valued at $17,840,000. Cooke & Bieler LP increased its stake in Atlas Energy Solutions by 29.0% in the third quarter. Cooke & Bieler LP now owns 4,153,554 shares of the company’s stock worth $47,226,000 after purchasing an additional 934,114 shares during the period. Finally, CenterBook Partners LP increased its stake in Atlas Energy Solutions by 1,359.1% in the second quarter. CenterBook Partners LP now owns 921,889 shares of the company’s stock worth $12,326,000 after purchasing an additional 858,708 shares during the period. 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.