Atlas Energy Solutions (NYSE:AESI) Price Target Raised to $9.00

Atlas Energy Solutions (NYSE:AESI) had its price target hoisted by The Goldman Sachs Group from $8.00 to $9.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a sell rating on the stock.

AESI has been the subject of a number of other research reports. Weiss Ratings downgraded Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, February 27th. Stephens set a $16.00 target price on Atlas Energy Solutions in a research note on Tuesday, January 27th. Royal Bank Of Canada set a $12.00 target price on Atlas Energy Solutions in a research report on Thursday, January 15th. Stifel Nicolaus set a $13.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, February 24th. Finally, Zacks Research raised shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.20.

Atlas Energy Solutions Stock Up 5.4%

NYSE AESI opened at $11.93 on Wednesday. Atlas Energy Solutions has a twelve month low of $7.64 and a twelve month high of $19.00. The stock has a market cap of $1.48 billion, a PE ratio of -29.82 and a beta of 1.31. The firm has a 50-day simple moving average of $10.96 and a 200 day simple moving average of $10.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.46.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction 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 sale, the insider directly owned 7,421,210 shares in the company, valued at $88,906,095.80. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction 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 transaction, the insider 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 238,912 shares of company stock worth $2,837,472. 15.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of hedge funds have recently made changes to their positions in AESI. Thrivent Financial for Lutherans boosted its position in Atlas Energy Solutions by 1.7% in the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock valued at $717,000 after buying an additional 874 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Atlas Energy Solutions by 7.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,090 shares of the company’s stock worth $215,000 after buying an additional 1,061 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Atlas Energy Solutions by 3.5% in the third quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock valued at $401,000 after acquiring an additional 1,200 shares during the last quarter. Belpointe Asset Management LLC grew its position in Atlas Energy Solutions by 3.5% during the 3rd quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock worth $412,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Atlas Energy Solutions by 2.1% during the 3rd quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock worth $825,000 after acquiring an additional 1,500 shares during the last quarter. 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.