Atlas Energy Solutions Inc. (NYSE:AESI) Receives $18.57 Average Price Target from Brokerages

Atlas Energy Solutions Inc. (NYSE:AESI) has been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $20.00.

AESI has been the topic of several research analyst reports. The Goldman Sachs Group upped their price target on shares of Atlas Energy Solutions from $9.00 to $14.00 and gave the stock a “sell” rating in a report on Wednesday, June 3rd. Raymond James Financial raised shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Tuesday, June 2nd. Piper Sandler upped their price target on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Barclays upped their price target on shares of Atlas Energy Solutions from $12.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Finally, Citigroup upped their price target on shares of Atlas Energy Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC purchased a new position in Atlas Energy Solutions in the second quarter worth $25,000. Quarry LP purchased a new position in Atlas Energy Solutions in the third quarter worth $26,000. Caitong International Asset Management Co. Ltd grew its position in 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 worth $26,000 after acquiring an additional 2,745 shares in the last quarter. Islay Capital Management LLC purchased a new position in Atlas Energy Solutions in the fourth quarter worth $28,000. Finally, Centerpoint Advisors LLC grew its position 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 acquiring an additional 2,081 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Trading Up 3.6%

Atlas Energy Solutions stock opened at $17.28 on Tuesday. The stock has a market cap of $2.16 billion, a P/E ratio of -21.87 and a beta of 1.02. Atlas Energy Solutions has a fifty-two week low of $7.64 and a fifty-two week high of $20.13. The firm’s fifty day moving average price is $16.04 and its 200-day moving average price is $12.66. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.17.

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.