Royal Bank Of Canada Increases Atlas Energy Solutions (NYSE:AESI) Price Target to $13.00

Atlas Energy Solutions (NYSE:AESI) had its price objective upped by equities researchers at Royal Bank Of Canada from $12.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 3.75% from the stock’s current price.

AESI has been the topic of several other research reports. 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 research note on Tuesday, December 23rd. Stephens set a $16.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, January 27th. Stifel Nicolaus set a $13.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, February 24th. The Goldman Sachs Group raised their price objective on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings lowered Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, February 27th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $11.77.

Atlas Energy Solutions Trading Up 2.7%

NYSE AESI traded up $0.33 on Thursday, hitting $12.53. 1,582,257 shares of the stock were exchanged, compared to its average volume of 2,646,581. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.46. The stock has a fifty day moving average price of $12.00 and a two-hundred day moving average price of $10.90. The firm has a market capitalization of $1.56 billion, a P/E ratio of -31.32 and a beta of 0.61. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $17.67.

Insider Buying and Selling at Atlas Energy Solutions

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

Institutional Investors Weigh In On Atlas Energy Solutions

Several large investors have recently added to or reduced their stakes in AESI. EverSource Wealth Advisors LLC purchased a new position in shares of Atlas Energy Solutions during the second quarter worth approximately $25,000. Quarry LP purchased a new stake in shares of Atlas Energy Solutions in the third quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Atlas Energy Solutions by 91,500.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after purchasing an additional 2,745 shares during the period. Islay Capital Management LLC bought a new position in Atlas Energy Solutions in the fourth quarter worth approximately $28,000. Finally, Centerpoint Advisors LLC grew its stake in Atlas Energy Solutions by 270.6% in the third quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock worth $32,000 after purchasing an additional 2,081 shares in the last quarter. 34.59% of the stock is owned by hedge funds and other 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.