The Goldman Sachs Group Issues Positive Forecast for Atlas Energy Solutions (NYSE:AESI) Stock Price

Atlas Energy Solutions (NYSE:AESI) had its price target upped by The Goldman Sachs Group from $8.00 to $9.00 in a research note published on Wednesday,Benzinga reports. They currently have a sell rating on the stock.

Several other equities analysts have also weighed in on the stock. Stephens set a $16.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, January 27th. Piper Sandler decreased their price objective on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Zacks Research upgraded Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Barclays lifted their price target on shares of Atlas Energy Solutions from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings lowered Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, February 27th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.20.

Atlas Energy Solutions Stock Up 1.5%

NYSE AESI opened at $10.06 on Wednesday. Atlas Energy Solutions has a 52 week low of $7.64 and a 52 week high of $19.00. The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $10.87 and its 200-day simple moving average is $10.65. The firm has a market cap of $1.25 billion, a PE ratio of -25.14 and a beta of 1.31.

Insider Activity at Atlas Energy Solutions

In other news, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.98% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AESI. Thrivent Financial for Lutherans raised its position in Atlas Energy Solutions by 1.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock valued at $717,000 after purchasing an additional 874 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Atlas Energy Solutions by 7.1% during the second 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 during the period. Louisiana State Employees Retirement System raised its holdings in 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 lifted its stake in Atlas Energy Solutions by 3.5% in the third quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock worth $412,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake 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 acquiring an additional 1,500 shares during the last quarter. 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.