Citigroup Issues Pessimistic Forecast for Atlas Energy Solutions (NYSE:AESI) Stock Price

Atlas Energy Solutions (NYSE:AESI) had its price objective lowered by analysts at Citigroup from $11.00 to $10.40 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 7.94% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group cut shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $12.00 to $8.00 in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Atlas Energy Solutions in a report on Monday, December 15th. Piper Sandler dropped their price objective on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Finally, Barclays reissued an “underweight” rating and set a $7.00 target price (down previously from $11.00) on shares of Atlas Energy Solutions in a research report on Friday, November 14th. Four analysts have rated the stock with a Buy rating, five have given 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 an average target price of $15.88.

Atlas Energy Solutions Stock Up 3.5%

NYSE:AESI traded up $0.33 during midday trading on Tuesday, reaching $9.64. The company had a trading volume of 1,105,599 shares, compared to its average volume of 2,044,858. Atlas Energy Solutions has a 12-month low of $7.64 and a 12-month high of $26.86. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -106.83 and a beta of 1.30. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $9.92 and its 200-day simple moving average is $11.59.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new stake in Atlas Energy Solutions during the 2nd quarter worth $25,000. Quarry LP purchased a new stake in shares of Atlas Energy Solutions in the third quarter valued at about $26,000. CWM LLC boosted its stake in shares of Atlas Energy Solutions by 244.4% during the second quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after buying an additional 1,586 shares during the period. Centerpoint Advisors LLC grew its holdings in shares of Atlas Energy Solutions by 270.6% during the third quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock worth $32,000 after buying an additional 2,081 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Atlas Energy Solutions in the 2nd quarter valued at about $36,000. 34.59% of the stock is owned by institutional investors and hedge funds.

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.