Atlas Energy Solutions (NYSE:AESI) Raised to “Hold” at Zacks Research

Atlas Energy Solutions (NYSE:AESI) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on AESI. Weiss Ratings restated a “sell (d+)” rating on shares of Atlas Energy Solutions in a report on Monday, December 29th. Citigroup decreased 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 note on Tuesday, December 23rd. Royal Bank Of Canada set a $12.00 price target on shares of Atlas Energy Solutions in a research report on Thursday, January 15th. Piper Sandler cut their price objective 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, Stephens set a $16.00 target price on Atlas Energy Solutions in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.80.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI traded down $0.16 during trading on Monday, hitting $11.45. 436,763 shares of the stock traded hands, compared to its average volume of 2,224,290. 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 fifty day moving average price of $9.87 and a two-hundred day moving average price of $10.93. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $25.44. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -127.56 and a beta of 1.24.

Insider Activity

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

Institutional Investors Weigh In On Atlas Energy Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans grew its stake in shares of Atlas Energy Solutions by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock worth $717,000 after purchasing an additional 874 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in Atlas Energy Solutions by 7.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,090 shares of the company’s stock worth $215,000 after buying an additional 1,061 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Atlas Energy Solutions by 3.5% during the 3rd quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $401,000 after acquiring an additional 1,200 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Atlas Energy Solutions by 3.5% in the 3rd quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock valued at $412,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Atlas Energy Solutions by 2.1% during the 3rd quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock worth $825,000 after acquiring an additional 1,500 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.