Brokerages Set Atlas Energy Solutions Inc. (NYSE:AESI) PT at $12.80

Atlas Energy Solutions Inc. (NYSE:AESI) has earned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $11.0571.

A number of equities analysts have recently commented on the stock. Barclays lifted their target price on shares of Atlas Energy Solutions from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Thursday. Stifel Nicolaus set a $13.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday. Stephens set a $16.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, January 27th. Royal Bank Of Canada set a $12.00 target price on shares of Atlas Energy Solutions in a research note on Thursday, January 15th. Finally, 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 report on Monday, November 17th.

Insider Buying and Selling at Atlas Energy Solutions

In other news, insider Gregory M. Shepard sold 130,000 shares of the business’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 value of $1,557,400.00. Following the transaction, the insider owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 15.98% of the company’s stock.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of AESI. EverSource Wealth Advisors LLC acquired a new position in Atlas Energy Solutions in the 2nd quarter valued at $25,000. Quarry LP purchased a new stake in shares of Atlas Energy Solutions in the third quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Atlas Energy Solutions by 91,500.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock worth $26,000 after acquiring an additional 2,745 shares during the period. Islay Capital Management LLC purchased a new position in Atlas Energy Solutions during the fourth quarter worth about $28,000. Finally, CWM LLC raised its holdings in Atlas Energy Solutions by 244.4% during the second quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after purchasing an additional 1,586 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Trading Up 2.9%

AESI opened at $9.85 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.47. Atlas Energy Solutions has a 52 week low of $7.64 and a 52 week high of $19.83. The business’s 50 day moving average is $10.84 and its two-hundred day moving average is $10.70. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -24.62 and a beta of 1.22.

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.