Encompass Capital Advisors LLC Acquires Shares of 9,135,182 Atlas Energy Solutions Inc. $AESI

Encompass Capital Advisors LLC acquired a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the first quarter, HoldingsChannel.com reports. The firm acquired 9,135,182 shares of the company’s stock, valued at approximately $119,854,000. Atlas Energy Solutions accounts for 3.6% of Encompass Capital Advisors LLC’s holdings, making the stock its 3rd biggest position. Encompass Capital Advisors LLC owned about 0.07% of Atlas Energy Solutions at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AESI. Vanguard Group Inc. raised its holdings in Atlas Energy Solutions by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock valued at $75,438,000 after buying an additional 215,243 shares during the period. UBS Group AG boosted its stake in Atlas Energy Solutions by 139.6% during the fourth quarter. UBS Group AG now owns 2,170,655 shares of the company’s stock worth $20,448,000 after buying an additional 1,264,530 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Atlas Energy Solutions by 1,081.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 153,561 shares of the company’s stock worth $1,447,000 after buying an additional 140,568 shares during the period. Consolidated Portfolio Review Corp bought a new position in Atlas Energy Solutions during the fourth quarter valued at $5,915,000. Finally, New York State Teachers Retirement System increased its position in Atlas Energy Solutions by 120.3% during the fourth quarter. New York State Teachers Retirement System now owns 107,861 shares of the company’s stock valued at $1,016,000 after acquiring an additional 58,900 shares during the last quarter. 34.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AESI shares. Citigroup lowered their target price on shares of Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. The Goldman Sachs Group upped their price target on shares of Atlas Energy Solutions from $9.00 to $14.00 and gave the company a “sell” rating in a report on Wednesday, June 3rd. Barclays reduced their price objective on shares of 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. Raymond James Financial raised shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Tuesday, June 2nd. Finally, Stifel Nicolaus set a $28.00 target price on Atlas Energy Solutions in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.62.

Atlas Energy Solutions Trading Down 4.3%

NYSE:AESI opened at $11.45 on Tuesday. The firm has a 50-day simple moving average of $16.06 and a 200-day simple moving average of $14.07. Atlas Energy Solutions Inc. has a one year low of $7.64 and a one year high of $20.13. The firm has a market cap of $1.43 billion, a P/E ratio of -14.49 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.

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.