Atlas Energy Solutions Inc. (NYSE:AESI) Receives $19.62 Consensus Target Price from Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been assigned a consensus rating of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $19.6250.

A number of research analysts recently issued reports on AESI shares. Barclays dropped their price target on Atlas Energy Solutions from $16.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, July 16th. Piper Sandler increased their price objective on Atlas Energy Solutions from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Royal Bank Of Canada raised their target price on shares of Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Raymond James Financial raised shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Tuesday, June 2nd. Finally, 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 research report on Wednesday, June 3rd.

Atlas Energy Solutions Stock Down 3.9%

AESI opened at $10.99 on Wednesday. Atlas Energy Solutions has a one year low of $7.64 and a one year high of $20.13. 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 market capitalization of $1.37 billion, a P/E ratio of -13.92 and a beta of 1.01. The business’s 50-day simple moving average is $15.90 and its 200-day simple moving average is $14.08.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Encompass Capital Advisors LLC purchased a new position in shares of Atlas Energy Solutions during the first quarter worth about $119,854,000. Vanguard Group Inc. raised its stake 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 acquiring an additional 215,243 shares during the last quarter. Cooke & Bieler LP lifted its position 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 acquiring an additional 32,689 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position 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 acquiring an additional 25,167 shares during the period. Finally, State Street Corp grew its stake in shares of Atlas Energy Solutions by 5.0% in the 4th quarter. State Street Corp now owns 3,242,112 shares of the company’s stock valued at $30,541,000 after purchasing an additional 155,028 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.