Brokerages Set Atlas Energy Solutions Inc. (NYSE:AESI) Target Price at $16.57

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $17.7143.

A number of research firms recently commented on AESI. Piper Sandler upped their price objective on Atlas Energy Solutions from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Stephens set a $16.00 price target on Atlas Energy Solutions in a report on Tuesday, January 27th. Citigroup upped their price objective on Atlas Energy Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank Of Canada upped their price objective on Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th.

Atlas Energy Solutions Trading Down 2.9%

AESI stock opened at $18.29 on Friday. The company has a market cap of $2.27 billion, a P/E ratio of -23.15 and a beta of 1.08. Atlas Energy Solutions has a twelve month low of $7.64 and a twelve month high of $19.61. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $13.84 and a 200-day moving average of $11.61.

Insider Activity at Atlas Energy Solutions

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 transaction 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 approximately $88,906,095.80. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.79, for a total value of $105,072.48. Following the transaction, the insider directly owned 567,972 shares of the company’s stock, valued at $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 238,912 shares of company stock valued at $2,837,472 over the last three months. Insiders own 16.40% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new position in shares of Atlas Energy Solutions during the second quarter worth approximately $25,000. Quarry LP bought a new position in shares of Atlas Energy Solutions during the third quarter worth approximately $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 purchasing an additional 2,745 shares during the period. Islay Capital Management LLC bought a new position in shares of Atlas Energy Solutions during the fourth quarter worth approximately $28,000. Finally, Centerpoint Advisors LLC increased its stake in shares of Atlas Energy Solutions by 270.6% during 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 during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

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.