Atlas Energy Solutions (NYSE:AESI) Stock Price Expected to Rise, Barclays Analyst Says

Atlas Energy Solutions (NYSE:AESI) had its target price upped by equities research analysts at Barclays from $8.00 to $11.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price target points to a potential downside of 19.15% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Royal Bank Of Canada set a $12.00 target price on shares of Atlas Energy Solutions in a report on Thursday, January 15th. Stephens set a $16.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, January 27th. Piper Sandler cut their price target on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Stifel Nicolaus set a $13.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday, February 24th. Finally, The Goldman Sachs Group increased their price objective on Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of “Hold” and a consensus price target of $11.63.

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $13.61 on Thursday. The stock’s 50-day moving average is $11.30 and its 200-day moving average is $10.70. Atlas Energy Solutions has a 1-year low of $7.64 and a 1-year high of $19.00. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.69 billion, a P/E ratio of -34.01 and a beta of 1.31.

Insider Buying and Selling

In related news, major shareholder Chris Scholla sold 8,912 shares of the business’s stock in a transaction 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 transaction, the insider owned 567,972 shares in the company, valued at $6,696,389.88. The trade was a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory M. Shepard sold 130,000 shares of the business’s stock in a transaction 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 transaction, the insider owned 7,421,210 shares in the company, valued at $88,906,095.80. The trade was a 1.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 238,912 shares of company stock worth $2,837,472 over the last 90 days. Company insiders own 15.98% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC acquired a new position in shares of Atlas Energy Solutions during the second quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Atlas Energy Solutions in the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased its position in Atlas Energy Solutions by 91,500.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after buying an additional 2,745 shares in the last quarter. Centerpoint Advisors LLC increased its position in Atlas Energy Solutions by 270.6% in the 3rd quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock valued at $32,000 after buying an additional 2,081 shares in the last quarter. Finally, Islay Capital Management LLC acquired a new position in Atlas Energy Solutions during the 4th quarter worth approximately $28,000. 34.59% of the stock is owned by institutional investors.

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.