Atlas Energy Solutions Inc. (NYSE:AESI) Given Average Rating of “Hold” by Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $11.6286.

A number of equities analysts have recently issued reports on the stock. Zacks Research raised shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Royal Bank Of Canada set a $12.00 target price on Atlas Energy Solutions in a research report on Thursday, January 15th. Stephens set a $16.00 price target on Atlas Energy Solutions in a research note on Tuesday, January 27th. The Goldman Sachs Group increased their price target on Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Wednesday, March 4th. Finally, Stifel Nicolaus set a $13.00 price objective on Atlas Energy Solutions in a research note on Tuesday, February 24th.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Chris Scholla sold 8,912 shares of the company’s stock in a transaction on 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 represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gregory M. Shepard sold 130,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the completion of the transaction, the insider directly owned 7,421,210 shares in the company, valued at $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 238,912 shares of company stock worth $2,837,472. 15.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in AESI. Vanguard Group Inc. lifted its position in Atlas Energy Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock valued at $75,438,000 after acquiring an additional 215,243 shares in the last quarter. Cooperman Leon G boosted its stake in Atlas Energy Solutions by 4.0% during the 3rd quarter. Cooperman Leon G now owns 5,366,363 shares of the company’s stock valued at $61,016,000 after purchasing an additional 204,268 shares during the last quarter. Cooke & Bieler LP increased its holdings in Atlas Energy Solutions by 0.8% during the 4th quarter. Cooke & Bieler LP now owns 4,186,243 shares of the company’s stock worth $39,434,000 after purchasing an additional 32,689 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Atlas Energy Solutions by 0.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,349,507 shares of the company’s stock worth $31,552,000 after purchasing an additional 25,167 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Atlas Energy Solutions by 5.0% in the fourth quarter. State Street Corp now owns 3,242,112 shares of the company’s stock worth $30,541,000 after purchasing an additional 155,028 shares during the last quarter. 34.59% of the stock is owned by institutional investors.

Atlas Energy Solutions Trading Up 0.6%

NYSE:AESI opened at $13.55 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -33.86 and a beta of 1.31. The firm has a fifty day simple moving average of $11.80 and a two-hundred day simple moving average of $10.81. Atlas Energy Solutions has a 12 month low of $7.64 and a 12 month high of $19.00.

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.