Atlas Energy Solutions (NYSE:AESI) Price Target Raised to $12.00

Atlas Energy Solutions (NYSE:AESI) had its price objective upped by stock analysts at Barclays from $11.00 to $12.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 2.00% from the stock’s previous close.

Other research analysts have also issued reports about the company. Stifel Nicolaus set a $13.00 price objective on Atlas Energy Solutions in a research report on Tuesday, February 24th. The Goldman Sachs Group upped their target price on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Wednesday, March 4th. Weiss Ratings cut Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, February 27th. Stephens set a $16.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, January 27th. Finally, Zacks Research raised Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $11.91.

Atlas Energy Solutions Price Performance

NYSE AESI traded down $0.39 during trading hours on Monday, hitting $11.77. 2,409,999 shares of the company’s stock traded hands, compared to its average volume of 2,669,188. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.46 and a quick ratio of 1.16. The firm’s 50-day moving average is $12.01 and its 200-day moving average is $10.91. The company has a market capitalization of $1.46 billion, a PE ratio of -29.36 and a beta of 0.62. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $14.93.

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 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 company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the transaction, the insider owned 567,972 shares in the company, valued at approximately $6,696,389.88. This trade represents a 1.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 238,912 shares of company stock worth $2,837,472. 15.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Atlas Energy Solutions

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC purchased a new stake in shares of Atlas Energy Solutions during the 2nd quarter worth about $25,000. Quarry LP purchased a new position in shares of Atlas Energy Solutions in the third quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 during the last quarter. Islay Capital Management LLC purchased a new stake in shares of Atlas Energy Solutions during the fourth quarter worth $28,000. Finally, Centerpoint Advisors LLC raised its position in shares of Atlas Energy Solutions by 270.6% in the third quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock valued at $32,000 after buying an additional 2,081 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other 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.