Brokerages Set Atlas Energy Solutions Inc. (NYSE:AESI) Target Price at $12.80

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been given a consensus rating of “Hold” by the ten ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.80.

A number of analysts recently commented on AESI shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Atlas Energy Solutions in a research note on Monday, December 29th. Barclays reissued an “underweight” rating and issued a $7.00 price objective (down previously from $11.00) on shares of Atlas Energy Solutions in a research report on Friday, November 14th. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Piper Sandler lowered their target price on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. Finally, Citigroup reduced their price target on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a research note on Tuesday, December 23rd.

Insiders Place Their Bets

In related news, major shareholder Chris Scholla sold 52,150 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $8.82, for a total transaction of $459,963.00. Following the transaction, the insider directly owned 550,907 shares in the company, valued at approximately $4,858,999.74. This represents a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 15.98% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. New York State Teachers Retirement System boosted its position in shares of Atlas Energy Solutions by 120.3% in the fourth quarter. New York State Teachers Retirement System now owns 107,861 shares of the company’s stock worth $1,016,000 after acquiring an additional 58,900 shares during the last quarter. UBS Group AG raised 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 purchasing an additional 1,264,530 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Atlas Energy Solutions by 91.2% in the 4th quarter. Sanctuary Advisors LLC now owns 21,180 shares of the company’s stock valued at $200,000 after purchasing an additional 10,105 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Atlas Energy Solutions by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock worth $75,438,000 after buying an additional 215,243 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Atlas Energy Solutions by 1,081.9% during the 4th 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 last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $11.69 on Wednesday. The business’s fifty day moving average price is $10.07 and its two-hundred day moving average price is $10.93. The stock has a market cap of $1.45 billion, a PE ratio of -129.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.09 and a current ratio of 1.35. Atlas Energy Solutions has a one year low of $7.64 and a one year high of $24.14.

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.