Barclays Forecasts Strong Price Appreciation for Atlas Energy Solutions (NYSE:AESI) Stock

Atlas Energy Solutions (NYSE:AESI) had its price objective increased by investment analysts at Barclays from $12.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price points to a potential downside of 14.42% from the stock’s current price.

AESI has been the subject of several other reports. The Goldman Sachs Group boosted their target price on Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Wednesday, March 4th. Stifel Nicolaus set a $28.00 price objective on Atlas Energy Solutions in a report on Friday, May 1st. Piper Sandler increased their price objective on Atlas Energy Solutions from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Citigroup upgraded Atlas Energy Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $10.40 to $18.00 in a report on Wednesday, April 15th. Finally, Stephens set a $16.00 price objective on Atlas Energy Solutions in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.14.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI traded up $0.42 during midday trading on Friday, reaching $18.70. 630,471 shares of the company traded hands, compared to its average volume of 3,936,258. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. 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 $2.32 billion, a price-to-earnings ratio of -23.66 and a beta of 1.08. The firm’s fifty day moving average price is $13.30 and its two-hundred day moving average price is $11.43.

Insider Activity at Atlas Energy Solutions

In other news, major shareholder Chris Scholla sold 8,912 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the sale, the insider owned 567,972 shares of the company’s stock, valued at approximately $6,696,389.88. The trade was a 1.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory M. Shepard sold 130,000 shares of Atlas Energy Solutions stock in a transaction that occurred 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 sale, the insider directly owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 238,912 shares of company stock worth $2,837,472. 16.40% of the stock is owned by insiders.

Institutional Trading of Atlas Energy Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in Atlas Energy Solutions by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,502,480 shares of the company’s stock valued at $19,713,000 after purchasing an additional 167,758 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Atlas Energy Solutions during the first quarter worth about $759,000. Sanctuary Advisors LLC boosted its position in Atlas Energy Solutions by 59.1% in the 1st quarter. Sanctuary Advisors LLC now owns 33,691 shares of the company’s stock valued at $442,000 after buying an additional 12,511 shares during the period. Principal Financial Group Inc. grew its stake in shares of Atlas Energy Solutions by 2.2% in the first quarter. Principal Financial Group Inc. now owns 375,286 shares of the company’s stock worth $4,924,000 after acquiring an additional 7,906 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in shares of Atlas Energy Solutions by 6.0% during the first 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 period. Institutional investors and hedge funds 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.