Analysts Set Atlas Energy Solutions Inc. (NYSE:AESI) PT at $19.62

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

A number of analysts have recently weighed in on AESI shares. Raymond James Financial upgraded Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research note on Tuesday, June 2nd. Weiss Ratings upgraded shares of Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. Stifel Nicolaus set a $28.00 price objective on shares of Atlas Energy Solutions in a report on Friday, May 1st. Citigroup lowered their price objective on shares of Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Finally, The Goldman Sachs Group boosted their target price on shares of Atlas Energy Solutions from $9.00 to $14.00 and gave the stock a “sell” rating in a research note on Wednesday, June 3rd.

Atlas Energy Solutions Trading Down 8.1%

Shares of AESI opened at $12.01 on Wednesday. The stock has a fifty day moving average price of $16.22 and a two-hundred day moving average price of $14.03. 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 cap of $1.50 billion, a price-to-earnings ratio of -15.20 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Encompass Capital Advisors LLC acquired a new position in Atlas Energy Solutions during the 1st quarter worth $119,854,000. Millennium Management LLC increased its stake in shares of Atlas Energy Solutions by 3,783.3% in the 4th quarter. Millennium Management LLC now owns 1,883,042 shares of the company’s stock valued at $17,738,000 after buying an additional 1,834,551 shares during the period. Wasatch Advisors LP bought a new stake in shares of Atlas Energy Solutions during the second quarter worth $30,468,000. UBS Group AG raised its position in shares of 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 acquiring an additional 1,264,530 shares during the last quarter. Finally, Nixon Capital LLC acquired a new position in shares of Atlas Energy Solutions during the fourth quarter valued at $11,284,000. Institutional investors own 34.59% of the company’s stock.

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.