Atlas Energy Solutions (NYSE:AESI) Price Target Raised to $11.00

Atlas Energy Solutions (NYSE:AESI) had its target price raised by Barclays from $8.00 to $11.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s price objective suggests a potential downside of 17.10% from the stock’s current price.

AESI has been the subject of several other research reports. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings lowered shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, February 27th. The Goldman Sachs Group raised their price target on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Wednesday, March 4th. Citigroup dropped their price objective 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, December 23rd. Finally, Stifel Nicolaus set a $13.00 target price on Atlas Energy Solutions in a research note on Tuesday, February 24th. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.63.

Atlas Energy Solutions Trading Up 0.5%

AESI stock traded up $0.07 during mid-day trading on Thursday, reaching $13.27. The company’s stock had a trading volume of 629,100 shares, compared to its average volume of 2,624,183. Atlas Energy Solutions has a 12 month low of $7.64 and a 12 month high of $19.00. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $11.14 and its 200 day moving average price is $10.67. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -33.02 and a beta of 1.31.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Chris Scholla sold 8,912 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the completion of the sale, the insider owned 567,972 shares in the company, valued at approximately $6,696,389.88. The trade was a 1.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the transaction, the insider owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 238,912 shares of company stock valued at $2,837,472. 15.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AESI. EverSource Wealth Advisors LLC purchased a new stake in Atlas Energy Solutions in the 2nd quarter valued at $25,000. Quarry LP purchased a new position in Atlas Energy Solutions during the 3rd quarter worth $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in Atlas Energy Solutions by 91,500.0% during the 4th 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 last quarter. Islay Capital Management LLC bought a new stake in shares of Atlas Energy Solutions in the 4th quarter worth $28,000. Finally, Centerpoint Advisors LLC grew 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 worth $32,000 after acquiring an additional 2,081 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.