The Goldman Sachs Group Raises Atlas Energy Solutions (NYSE:AESI) Price Target to $9.00

Atlas Energy Solutions (NYSE:AESI) had its price objective increased by The Goldman Sachs Group from $8.00 to $9.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price points to a potential downside of 8.54% from the stock’s current price.

AESI has been the subject of a number of other research reports. Stifel Nicolaus set a $13.00 price objective on Atlas Energy Solutions in a research note on Tuesday, February 24th. Citigroup lowered their price target on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. Barclays upped their price target on Atlas Energy Solutions from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Thursday, February 26th. Weiss Ratings lowered shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday. Finally, Piper Sandler lowered their target price 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. 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.20.

Atlas Energy Solutions Price Performance

Shares of AESI traded down $0.07 during trading hours on Wednesday, reaching $9.84. 506,141 shares of the stock traded hands, compared to its average volume of 2,324,187. The company has a market cap of $1.22 billion, a P/E ratio of -24.60 and a beta of 1.31. 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 company’s 50-day moving average price is $10.87 and its two-hundred day moving average price is $10.65. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $19.00.

Insider Activity at Atlas Energy Solutions

In other news, insider Gregory M. Shepard sold 130,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the completion of the transaction, the insider directly owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 15.98% of the company’s stock.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Atlas Energy Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock worth $75,438,000 after buying an additional 215,243 shares during the last quarter. Cooperman Leon G grew its position in Atlas Energy Solutions by 4.0% in the third quarter. Cooperman Leon G now owns 5,366,363 shares of the company’s stock worth $61,016,000 after acquiring an additional 204,268 shares in the last quarter. Cooke & Bieler LP increased its stake in Atlas Energy Solutions by 0.8% during the fourth quarter. Cooke & Bieler LP now owns 4,186,243 shares of the company’s stock worth $39,434,000 after acquiring an additional 32,689 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Atlas Energy Solutions by 0.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,349,507 shares of the company’s stock valued at $31,552,000 after purchasing an additional 25,167 shares during the period. Finally, State Street Corp raised its position in Atlas Energy Solutions by 5.0% during the fourth quarter. State Street Corp now owns 3,242,112 shares of the company’s stock valued at $30,541,000 after purchasing an additional 155,028 shares during the period. Institutional investors 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.