Zacks Research Upgrades Atlas Energy Solutions (NYSE:AESI) to “Hold”

Atlas Energy Solutions (NYSE:AESI) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on AESI. Citigroup cut their price objective 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. Royal Bank Of Canada set a $12.00 target price on shares of Atlas Energy Solutions in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Atlas Energy Solutions in a research report on Monday, December 29th. The Goldman Sachs Group cut shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and dropped their target price for the company from $12.00 to $8.00 in a report on Thursday, November 20th. Finally, Piper Sandler dropped their price target on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.80.

Atlas Energy Solutions Price Performance

Shares of Atlas Energy Solutions stock traded down $0.14 during trading on Monday, reaching $11.48. The company’s stock had a trading volume of 650,353 shares, compared to its average volume of 2,236,043. Atlas Energy Solutions has a one year low of $7.64 and a one year high of $25.44. The stock has a 50-day moving average price of $9.87 and a two-hundred day moving average price of $10.93. 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 has a market capitalization of $1.42 billion, a P/E ratio of -127.33 and a beta of 1.24.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Chris Scholla sold 52,150 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $8.82, for a total value of $459,963.00. Following the sale, the insider owned 550,907 shares of the company’s stock, valued at approximately $4,858,999.74. This trade represents a 8.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Atlas Energy Solutions by 1,081.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 153,561 shares of the company’s stock valued at $1,447,000 after acquiring an additional 140,568 shares during the last quarter. CWM LLC grew its position in shares of Atlas Energy Solutions by 555.4% in the 4th quarter. CWM LLC now owns 11,175 shares of the company’s stock valued at $105,000 after buying an additional 9,470 shares during the last quarter. Consolidated Portfolio Review Corp acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at about $5,915,000. Steadtrust LLC raised its position in shares of Atlas Energy Solutions by 300.0% during the fourth quarter. Steadtrust LLC now owns 80,000 shares of the company’s stock worth $754,000 after acquiring an additional 60,000 shares during the last quarter. Finally, Argentarii LLC lifted its stake in shares of Atlas Energy Solutions by 962.8% in the fourth quarter. Argentarii LLC now owns 166,044 shares of the company’s stock worth $1,564,000 after acquiring an additional 150,421 shares during the period. 34.59% of the stock is owned by institutional investors.

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.