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

Atlas Energy Solutions Inc. (NYSE:AESI) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.8778.

Several equities research analysts recently weighed in on AESI shares. Piper Sandler reduced their price target on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. The Goldman Sachs Group lowered Atlas Energy Solutions from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $12.00 to $8.00 in a report on Thursday, November 20th. Barclays reaffirmed an “underweight” rating and set a $7.00 price target (down from $11.00) on shares of Atlas Energy Solutions in a report on Friday, November 14th. Citigroup reduced their price objective on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Atlas Energy Solutions in a research report on Monday, December 29th.

Atlas Energy Solutions Stock Down 2.0%

NYSE:AESI opened at $9.81 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.09 and a current ratio of 1.35. The firm has a market cap of $1.22 billion, a P/E ratio of -109.04 and a beta of 1.24. Atlas Energy Solutions has a fifty-two week low of $7.64 and a fifty-two week high of $26.86. The firm has a 50-day simple moving average of $9.69 and a two-hundred day simple moving average of $11.22.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Chris Scholla sold 52,150 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $8.82, for a total transaction of $459,963.00. Following the completion of the transaction, the insider directly owned 550,907 shares of the company’s stock, valued at $4,858,999.74. The trade was a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.98% of the stock is owned by insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

Several hedge funds and other institutional investors have recently modified their holdings of AESI. Central Pacific Bank Trust Division grew its holdings in shares of Atlas Energy Solutions by 7.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,405 shares of the company’s stock worth $239,000 after acquiring an additional 1,662 shares during the period. Steadtrust LLC bought a new stake in shares of Atlas Energy Solutions during the 3rd quarter valued at about $227,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Atlas Energy Solutions during the 3rd quarter valued at about $311,000. Wilmington Savings Fund Society FSB increased its position in shares of Atlas Energy Solutions by 47.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 22,680 shares of the company’s stock valued at $258,000 after purchasing an additional 7,310 shares during the last quarter. Finally, Pine Ridge Advisers LLC lifted its stake in shares of Atlas Energy Solutions by 23.2% in the 3rd quarter. Pine Ridge Advisers LLC now owns 1,494,071 shares of the company’s stock worth $16,988,000 after purchasing an additional 281,091 shares during the period. 34.59% of the stock is owned by 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.