Atlas Energy Solutions (NYSE:AESI) Given New $8.00 Price Target at Barclays

Atlas Energy Solutions (NYSE:AESI) had its price objective hoisted by equities research analysts at Barclays from $7.00 to $8.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price would suggest a potential downside of 16.49% from the stock’s current price.

A number of other brokerages have also weighed in on AESI. Royal Bank Of Canada set a $12.00 price objective on Atlas Energy Solutions in a research note on Thursday, January 15th. Stephens set a $16.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, January 27th. Citigroup dropped their price target on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a research note on Tuesday, December 23rd. The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $12.00 to $8.00 in a research note on Thursday, November 20th. Finally, Stifel Nicolaus set a $13.00 target price on shares of Atlas Energy Solutions in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.06.

Atlas Energy Solutions Stock Up 0.1%

Shares of NYSE AESI traded up $0.01 during midday trading on Thursday, reaching $9.58. 349,513 shares of the company’s stock were exchanged, compared to its average volume of 2,260,672. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $19.83. The stock has a market capitalization of $1.19 billion, a PE ratio of -23.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.09 and a current ratio of 1.46. The business’s fifty day moving average price is $10.83 and its two-hundred day moving average price is $10.71.

Insider Activity

In related news, insider Gregory M. Shepard sold 130,000 shares of the 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 15.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its holdings in Atlas Energy Solutions by 1.7% in 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 during the period. Police & Firemen s Retirement System of New Jersey raised its position in shares of 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 in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Atlas Energy Solutions by 3.5% in the third quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock valued at $401,000 after acquiring an additional 1,200 shares in the last quarter. Belpointe Asset Management LLC increased its stake in shares of Atlas Energy Solutions by 3.5% during the third 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 period. Finally, Alliancebernstein L.P. lifted its position in Atlas Energy Solutions by 2.1% in the third quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock worth $825,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 34.59% of the company’s stock.

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.