Atlas Energy Solutions (NYSE:AESI) Stock Price Up 9% After Analyst Upgrade

Atlas Energy Solutions Inc. (NYSE:AESI) shares were up 9% on Thursday after The Goldman Sachs Group raised their price target on the stock from $8.00 to $9.00. The Goldman Sachs Group currently has a sell rating on the stock. Atlas Energy Solutions traded as high as $11.07 and last traded at $10.94. Approximately 1,122,661 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 2,348,847 shares. The stock had previously closed at $10.04.

Several other research firms have also recently commented on AESI. Royal Bank Of Canada set a $12.00 price target on Atlas Energy Solutions in a report on Thursday, January 15th. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Citigroup dropped their price target on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a research report on Tuesday, December 23rd. Piper Sandler decreased their price target on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Finally, Weiss Ratings cut shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Atlas Energy Solutions has an average rating of “Hold” and an average price target of $11.20.

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 dated 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 completion of the sale, the insider owned 7,421,210 shares of the company’s stock, valued at $88,906,095.80. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake 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 valued at $4,456,000 after purchasing an additional 51,477 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Atlas Energy Solutions by 18.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,409,054 shares of the company’s stock worth $25,138,000 after acquiring an additional 219,834 shares during the last quarter. CWM LLC lifted its stake in shares of Atlas Energy Solutions by 244.4% in the second quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after acquiring an additional 1,586 shares in the last quarter. Finally, Schnieders Capital Management LLC. purchased a new position in Atlas Energy Solutions in the second quarter valued at about $134,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Up 10.0%

The firm has a fifty day simple moving average of $10.87 and a 200-day simple moving average of $10.65. The company has a market capitalization of $1.37 billion, a PE ratio of -27.60 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.46.

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.