Atlas Energy Solutions (NYSE:AESI) Price Target Raised to $13.00

Atlas Energy Solutions (NYSE:AESI) had its price target increased by Royal Bank Of Canada from $12.00 to $13.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

Other research analysts have also issued reports about the stock. Stifel Nicolaus set a $13.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, February 24th. The Goldman Sachs Group increased their price objective 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. Barclays lifted their price objective on shares of Atlas Energy Solutions from $8.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. Weiss Ratings downgraded shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, February 27th. Finally, Citigroup decreased their target price on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a research report on Tuesday, December 23rd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Atlas Energy Solutions has an average rating of “Reduce” and a consensus target price of $11.77.

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $12.16 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.46 and a quick ratio of 1.16. Atlas Energy Solutions has a 1 year low of $7.64 and a 1 year high of $17.67. The stock’s 50 day simple moving average is $12.01 and its two-hundred day simple moving average is $10.91. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -30.40 and a beta of 0.62.

Insider Buying and Selling at Atlas Energy Solutions

In other news, insider Gregory M. Shepard sold 130,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the completion of the sale, the insider directly owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Chris Scholla sold 8,912 shares of the company’s 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 transaction, the insider owned 567,972 shares in the company, valued at approximately $6,696,389.88. The trade was a 1.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 238,912 shares of company stock worth $2,837,472 in the last ninety days. 15.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AESI. AlphaQuest LLC increased its position in shares of Atlas Energy Solutions by 520.9% during the third quarter. AlphaQuest LLC now owns 151,979 shares of the company’s stock worth $1,728,000 after acquiring an additional 127,502 shares during the period. Kennedy Capital Management LLC boosted its holdings in shares of Atlas Energy Solutions by 35.4% in the second quarter. Kennedy Capital Management LLC now owns 943,501 shares of the company’s stock valued at $12,615,000 after purchasing an additional 246,843 shares during the period. Villere ST Denis J & Co. LLC grew its stake in Atlas Energy Solutions by 10.5% in the third quarter. Villere ST Denis J & Co. LLC now owns 2,219,928 shares of the company’s stock worth $25,241,000 after purchasing an additional 211,203 shares in the last quarter. Cooke & Bieler LP grew its stake in Atlas Energy Solutions by 29.0% in the third quarter. Cooke & Bieler LP now owns 4,153,554 shares of the company’s stock worth $47,226,000 after purchasing an additional 934,114 shares in the last quarter. Finally, Ardsley Advisory Partners LP purchased a new position in Atlas Energy Solutions during the 2nd quarter worth $2,674,000. Institutional investors own 34.59% of the company’s stock.

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.