Barclays Issues Positive Forecast for Atlas Energy Solutions (NYSE:AESI) Stock Price

Atlas Energy Solutions (NYSE:AESI) had its price objective increased by Barclays from $7.00 to $8.00 in a report issued on Thursday,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other analysts also recently issued reports on AESI. Piper Sandler reduced their price target on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. Weiss Ratings raised shares of Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 11th. Stephens set a $16.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, January 27th. The Goldman Sachs Group lowered shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $12.00 to $8.00 in a research report on Thursday, November 20th. Finally, Royal Bank Of Canada set a $12.00 price objective on shares of Atlas Energy Solutions in a report on Thursday, January 15th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.06.

Atlas Energy Solutions Trading Up 2.9%

Shares of NYSE:AESI opened at $9.85 on Thursday. Atlas Energy Solutions has a 12-month low of $7.64 and a 12-month high of $19.83. The business has a 50 day moving average of $10.84 and a 200-day moving average of $10.70. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.22 billion, a PE ratio of -24.62 and a beta of 1.22.

Insider Buying and Selling at Atlas Energy Solutions

In other news, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 15.98% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of Atlas Energy Solutions by 26.0% in the 1st quarter. Royal Bank of Canada now owns 249,793 shares of the company’s stock valued at $4,456,000 after purchasing an additional 51,477 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Atlas Energy Solutions by 14.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,209 shares of the company’s stock worth $789,000 after buying an additional 5,579 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Atlas Energy Solutions by 18.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,409,054 shares of the company’s stock valued at $25,138,000 after buying an additional 219,834 shares in the last quarter. CWM LLC boosted its stake in Atlas Energy Solutions by 244.4% in the second quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $30,000 after buying an additional 1,586 shares in the last quarter. Finally, Schnieders Capital Management LLC. bought a new position in Atlas Energy Solutions in the second quarter valued at about $134,000. 34.59% of the stock is currently owned by institutional investors.

About Atlas Energy Solutions

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.