Atlas Energy Solutions Inc. (NYSE:AESI) Receives $16.57 Average PT from Brokerages

Atlas Energy Solutions Inc. (NYSE:AESI) has received an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $17.7143.

AESI has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Piper Sandler boosted their target price on shares of Atlas Energy Solutions from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Royal Bank Of Canada boosted their target price on shares of Atlas Energy Solutions from $14.00 to $20.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Stifel Nicolaus set a $28.00 target price on shares of Atlas Energy Solutions in a research report on Friday, May 1st. Finally, Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th.

Insider Activity at Atlas Energy Solutions

In other news, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.79, for a total value of $105,072.48. Following the completion of the sale, the insider directly owned 567,972 shares of the company’s stock, valued at $6,696,389.88. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gregory M. Shepard sold 130,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 238,912 shares of company stock valued at $2,837,472. Company insiders own 16.40% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

A number of large investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its holdings in Atlas Energy Solutions by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock worth $717,000 after buying an additional 874 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Atlas Energy Solutions by 3.5% during the third quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $401,000 after buying an additional 1,200 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in Atlas Energy Solutions by 3.5% during the third quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock worth $412,000 after buying an additional 1,232 shares during the last quarter. Cetera Investment Advisers increased its holdings in Atlas Energy Solutions by 6.9% during the first quarter. Cetera Investment Advisers now owns 21,094 shares of the company’s stock worth $277,000 after buying an additional 1,357 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in Atlas Energy Solutions by 6.0% in the 1st quarter. Citizens Financial Group Inc. RI now owns 23,966 shares of the company’s stock worth $314,000 after acquiring an additional 1,364 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $18.91 on Friday. The business’s 50-day moving average price is $14.20 and its 200-day moving average price is $11.72. Atlas Energy Solutions has a 12 month low of $7.64 and a 12 month high of $19.61. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of -23.94 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51.

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.