Atlas Energy Solutions (NYSE:AESI) Trading 2.8% Higher – Still a Buy?

Atlas Energy Solutions Inc. (NYSE:AESI)’s share price rose 2.8% during trading on Monday . The stock traded as high as $9.67 and last traded at $9.6850. Approximately 98,667 shares changed hands during trading, a decline of 95% from the average daily volume of 2,033,316 shares. The stock had previously closed at $9.42.

Analyst Upgrades and Downgrades

AESI has been the subject of several recent analyst reports. Barclays reiterated an “underweight” rating and set a $7.00 price target (down previously from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Piper Sandler decreased their target price on 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. Weiss Ratings lowered shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 22nd. Citigroup reduced their price objective on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a research note on Tuesday, December 23rd. Finally, The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $12.00 to $8.00 in a report on Thursday, November 20th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Atlas Energy Solutions presently has a consensus rating of “Hold” and a consensus price target of $15.88.

Atlas Energy Solutions Price Performance

The stock’s 50-day moving average price is $9.85 and its 200 day moving average price is $11.47. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -106.17 and a beta of 1.30. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.43.

Institutional Trading of Atlas Energy Solutions

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. lifted its position in Atlas Energy Solutions by 66.3% in the first quarter. Raymond James Financial Inc. now owns 165,231 shares of the company’s stock worth $2,948,000 after purchasing an additional 65,901 shares during the period. Northern Trust Corp raised its stake in shares of Atlas Energy Solutions by 7.6% in the 1st quarter. Northern Trust Corp now owns 966,528 shares of the company’s stock valued at $17,243,000 after buying an additional 68,275 shares in the last quarter. Comerica Bank lifted its holdings in shares of Atlas Energy Solutions by 5.4% during the 1st quarter. Comerica Bank now owns 62,049 shares of the company’s stock worth $1,107,000 after acquiring an additional 3,175 shares during the period. Corebridge Financial Inc. lifted its holdings in shares of Atlas Energy Solutions by 7.9% during the 1st quarter. Corebridge Financial Inc. now owns 38,749 shares of the company’s stock worth $691,000 after acquiring an additional 2,836 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Atlas Energy Solutions during the 1st quarter valued at about $937,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.