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

Atlas Energy Solutions Inc. (NYSE:AESI) has been given an average recommendation of “Hold” by the ten analysts that are covering the firm, Marketbeat Ratings reports. Three investment 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 target among brokers that have issued ratings on the stock in the last year is $20.00.

A number of equities research analysts recently weighed in on the company. Piper Sandler upped their price objective on Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings raised Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. Barclays raised their price target on shares of Atlas Energy Solutions from $12.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Raymond James Financial upgraded shares of 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 note on Tuesday, June 2nd. Finally, Citigroup upped their target price on Atlas Energy Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th.

Atlas Energy Solutions Trading Down 6.0%

Shares of NYSE:AESI opened at $15.62 on Friday. Atlas Energy Solutions has a 12-month low of $7.64 and a 12-month high of $20.13. The business’s fifty day simple moving average is $17.44 and its 200-day simple moving average is $13.53. The company has a market capitalization of $1.95 billion, a PE ratio of -19.77 and a beta of 1.01. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Atlas Energy Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock valued at $75,438,000 after buying an additional 215,243 shares during the last quarter. UBS Group AG raised its position in Atlas Energy Solutions by 139.6% during the 4th quarter. UBS Group AG now owns 2,170,655 shares of the company’s stock worth $20,448,000 after buying an additional 1,264,530 shares during the last quarter. Argentarii LLC raised its position in Atlas Energy Solutions by 962.8% during the 4th quarter. Argentarii LLC now owns 166,044 shares of the company’s stock worth $1,564,000 after buying an additional 150,421 shares during the last quarter. Kettle Hill Capital Management LLC lifted its stake in Atlas Energy Solutions by 61.4% during the 3rd quarter. Kettle Hill Capital Management LLC now owns 660,843 shares of the company’s stock valued at $7,514,000 after acquiring an additional 251,474 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in Atlas Energy Solutions by 120.3% during the 4th quarter. New York State Teachers Retirement System now owns 107,861 shares of the company’s stock valued at $1,016,000 after acquiring an additional 58,900 shares during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

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.