Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have received a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings 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 brokerages that have covered the stock in the last year is $20.00.

AESI has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of Atlas Energy Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Piper Sandler upped their price target on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. The Goldman Sachs Group increased their price target on Atlas Energy Solutions from $9.00 to $14.00 and gave the stock a “sell” rating in a report on Wednesday, June 3rd. Raymond James Financial raised 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 report on Tuesday, June 2nd. Finally, Barclays boosted their price objective on Atlas Energy Solutions from $12.00 to $16.00 and gave the company an “underweight” rating in a research note on Friday, May 8th.

Atlas Energy Solutions Stock Down 0.3%

Shares of NYSE AESI opened at $14.43 on Friday. The company’s 50 day moving average price is $17.41 and its 200-day moving average price is $13.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.17. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $20.13. The company has a market capitalization of $1.80 billion, a P/E ratio of -18.27 and a beta of 1.01.

Institutional Investors Weigh In On Atlas Energy Solutions

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC acquired a new position in Atlas Energy Solutions in the second quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd grew its position in shares of Atlas Energy Solutions by 91,500.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock worth $26,000 after buying an additional 2,745 shares during the period. Islay Capital Management LLC acquired a new position in shares of Atlas Energy Solutions during the 4th quarter valued at $28,000. Finally, State of Wyoming acquired a new position in shares of Atlas Energy Solutions during the 1st quarter valued at $48,000. 34.59% of the stock is currently owned by 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.