Barclays Forecasts Strong Price Appreciation for Atlas Energy Solutions (NYSE:AESI) Stock

Atlas Energy Solutions (NYSE:AESI) had its target price lifted by equities research analysts at Barclays from $7.00 to $8.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price suggests a potential downside of 16.71% from the company’s previous close.

Several other brokerages have also commented on AESI. The Goldman Sachs Group lowered shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $12.00 to $8.00 in a report on Thursday, November 20th. Zacks Research raised Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Weiss Ratings upgraded Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 11th. Citigroup reduced their price target on 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. Finally, Royal Bank Of Canada set a $12.00 price objective on Atlas Energy Solutions in a research report on Thursday, January 15th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Atlas Energy Solutions presently has an average rating of “Hold” and an average target price of $11.06.

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $9.61 on Thursday. 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 firm’s fifty day simple moving average is $10.85 and its 200 day simple moving average is $10.69. The stock has a market cap of $1.19 billion, a P/E ratio of -24.01 and a beta of 1.22. Atlas Energy Solutions has a twelve month low of $7.64 and a twelve month high of $19.83.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the business’s stock in a transaction 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 sale, the insider directly owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 15.98% of the company’s stock.

Hedge Funds Weigh In On Atlas Energy Solutions

Several institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new position in Atlas Energy Solutions in the 2nd quarter worth about $25,000. Quarry LP purchased a new position in Atlas Energy Solutions in the third quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its holdings 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 buying an additional 2,745 shares during the last quarter. Islay Capital Management LLC bought a new position in shares of Atlas Energy Solutions in the fourth quarter worth approximately $28,000. Finally, CWM LLC grew its holdings in shares of Atlas Energy Solutions by 244.4% during 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 during the last quarter. 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.