Atlas Energy Solutions (NYSE:AESI) Price Target Raised to $8.00

Atlas Energy Solutions (NYSE:AESI) had its price target boosted by Barclays from $7.00 to $8.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective suggests a potential downside of 16.49% from the stock’s previous close.

AESI has been the topic of several other research reports. Stephens set a $16.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, January 27th. Royal Bank Of Canada set a $12.00 target price on Atlas Energy Solutions in a report on Thursday, January 15th. Stifel Nicolaus set a $13.00 target price on Atlas Energy Solutions in a report on Tuesday. The Goldman Sachs Group lowered Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their price target for the company from $12.00 to $8.00 in a research report on Thursday, November 20th. Finally, Citigroup cut their price objective on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.06.

Atlas Energy Solutions Price Performance

Shares of AESI traded up $0.01 during mid-day trading on Thursday, hitting $9.58. The company’s stock had a trading volume of 349,513 shares, compared to its average volume of 2,260,672. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.09. The firm has a 50-day moving average price of $10.83 and a 200 day moving average price of $10.71. Atlas Energy Solutions has a fifty-two week low of $7.64 and a fifty-two week high of $19.83. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -23.82 and a beta of 1.22.

Insider Buying and Selling at Atlas Energy Solutions

In other news, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total value of $1,557,400.00. Following the transaction, the insider owned 7,421,210 shares in the company, valued at $88,906,095.80. This represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AESI. EverSource Wealth Advisors LLC acquired a new position in shares of Atlas Energy Solutions in the second quarter worth $25,000. Quarry LP purchased a new position in Atlas Energy Solutions in the third quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased 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 last quarter. Islay Capital Management LLC purchased a new stake in shares of Atlas Energy Solutions during the 4th quarter worth about $28,000. Finally, CWM LLC lifted its holdings in shares of Atlas Energy Solutions by 244.4% during the 2nd quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $30,000 after buying an additional 1,586 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.