Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Rating of “Hold” from Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been given an average recommendation of “Hold” by the ten analysts that are covering the stock, Marketbeat Ratings 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 brokerages that have updated their coverage on the stock in the last year is $19.6250.

A number of research firms have commented on AESI. Stifel Nicolaus set a $28.00 price objective on shares of Atlas Energy Solutions in a research note on Friday, May 1st. Barclays dropped their target price on Atlas Energy Solutions from $16.00 to $14.00 and set an “underweight” rating on the stock in a research report on Thursday, July 16th. Citigroup cut their price target on Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. The Goldman Sachs Group upped their price objective 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. Finally, Piper Sandler boosted their price target on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th.

Atlas Energy Solutions Trading Up 0.4%

Shares of AESI opened at $12.01 on Wednesday. The company has a market capitalization of $1.50 billion, a P/E ratio of -15.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.17. The stock has a 50-day moving average price of $16.22 and a 200 day moving average price of $14.06. Atlas Energy Solutions has a one year low of $7.64 and a one year high of $20.13.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Atlas Energy Solutions by 26.0% in the first quarter. Royal Bank of Canada now owns 249,793 shares of the company’s stock worth $4,456,000 after buying an additional 51,477 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Atlas Energy Solutions by 14.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,209 shares of the company’s stock valued at $789,000 after buying an additional 5,579 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Atlas Energy Solutions by 18.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,409,054 shares of the company’s stock worth $25,138,000 after purchasing an additional 219,834 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in Atlas Energy Solutions during the second quarter worth $134,000. Finally, Russell Investments Group Ltd. raised its position in shares of Atlas Energy Solutions by 6.8% in the second quarter. Russell Investments Group Ltd. now owns 108,001 shares of the company’s stock valued at $1,444,000 after purchasing an additional 6,869 shares during the period. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.