Atlas Energy Solutions Inc. (NYSE:AESI) Receives $11.91 Consensus Target Price from Brokerages

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.4286.

Several analysts have recently issued reports on AESI shares. Barclays upped their target price on shares of Atlas Energy Solutions from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Monday, April 6th. Piper Sandler upped their target price on shares of Atlas Energy Solutions from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group upped their target price on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Wednesday, March 4th. Citigroup upgraded shares of Atlas Energy Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.40 to $18.00 in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada upped their target price on shares of Atlas Energy Solutions from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 2nd.

Insider Transactions at Atlas Energy Solutions

In related news, insider Gregory M. Shepard sold 130,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total value of $1,557,400.00. Following the sale, the insider directly owned 7,421,210 shares of the company’s stock, valued at $88,906,095.80. This represents a 1.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $11.79, for a total transaction of $105,072.48. Following the completion of the sale, the insider directly owned 567,972 shares in the company, valued at $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 238,912 shares of company stock worth $2,837,472 over the last three months. 16.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Atlas Energy Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in Atlas Energy Solutions in the 2nd quarter worth about $25,000. Quarry LP purchased a new stake in Atlas Energy Solutions in the 3rd quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its position in Atlas Energy Solutions by 91,500.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock worth $26,000 after purchasing an additional 2,745 shares during the period. Centerpoint Advisors LLC raised its position in Atlas Energy Solutions by 270.6% in the 3rd quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock worth $32,000 after purchasing an additional 2,081 shares during the period. Finally, Islay Capital Management LLC purchased a new stake in Atlas Energy Solutions in the 4th quarter worth about $28,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Atlas Energy Solutions Stock Up 0.0%

Shares of NYSE AESI opened at $13.30 on Monday. The firm’s 50-day moving average price is $12.07 and its 200-day moving average price is $10.95. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -33.24 and a beta of 0.62. Atlas Energy Solutions has a 12-month low of $7.64 and a 12-month high of $14.93.

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.