Atlas Energy Solutions (NYSE:AESI) Shares Up 2.8% – Should You Buy?

Atlas Energy Solutions Inc. (NYSE:AESI)’s stock price rose 2.8% during mid-day trading on Monday . The stock traded as high as $9.67 and last traded at $9.6850. Approximately 98,667 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 2,033,316 shares. The stock had previously closed at $9.42.

Analyst Upgrades and Downgrades

AESI has been the topic of several analyst reports. The Goldman Sachs Group lowered Atlas Energy Solutions from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $12.00 to $8.00 in a research note on Thursday, November 20th. Weiss Ratings lowered Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 22nd. Piper Sandler lowered their price target on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Citigroup cut their price objective 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. Finally, Barclays reaffirmed an “underweight” rating and issued a $7.00 target price (down previously from $11.00) on shares of Atlas Energy Solutions in a report on Friday, November 14th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Atlas Energy Solutions presently has an average rating of “Hold” and a consensus target price of $15.88.

Atlas Energy Solutions Stock Up 1.0%

The firm has a fifty day moving average price of $9.85 and a 200 day moving average price of $11.47. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.18 billion, a P/E ratio of -106.17 and a beta of 1.30.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new stake in shares of Atlas Energy Solutions during the second quarter valued at approximately $25,000. Quarry LP acquired a new position in Atlas Energy Solutions during the 3rd quarter worth $26,000. CWM LLC boosted its position in 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 last quarter. Centerpoint Advisors LLC increased its stake in shares of Atlas Energy Solutions by 270.6% in 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 period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Atlas Energy Solutions in the 2nd quarter valued at $36,000. 34.59% of the stock is owned by institutional investors.

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.