Atlas Energy Solutions (NYSE:AESI) Stock Price Up 9% Following Analyst Upgrade

Atlas Energy Solutions Inc. (NYSE:AESI)’s stock price rose 9% during trading on Thursday after The Goldman Sachs Group raised their price target on the stock from $8.00 to $9.00. The Goldman Sachs Group currently has a sell rating on the stock. Atlas Energy Solutions traded as high as $11.07 and last traded at $10.94. Approximately 1,122,661 shares traded hands during trading, a decline of 52% from the average daily volume of 2,348,847 shares. The stock had previously closed at $10.04.

A number of other research firms also recently issued reports on AESI. Royal Bank Of Canada set a $12.00 price target on shares of Atlas Energy Solutions in a research report on Thursday, January 15th. Piper Sandler cut 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. Stifel Nicolaus set a $13.00 target price on Atlas Energy Solutions in a research note on Tuesday, February 24th. Barclays increased their target price on Atlas Energy Solutions from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Thursday, February 26th. Finally, Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.20.

Insiders Place Their Bets

In other Atlas Energy Solutions news, 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 sale, the insider directly owned 7,421,210 shares of the company’s stock, valued at $88,906,095.80. The trade was a 1.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.98% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of institutional investors have recently bought and sold shares of AESI. EverSource Wealth Advisors LLC acquired a new stake in shares of Atlas Energy Solutions during the second quarter worth approximately $25,000. Quarry LP purchased a new stake in Atlas Energy Solutions in the 3rd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Atlas Energy Solutions by 91,500.0% during 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 during the period. Islay Capital Management LLC acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter valued at $28,000. Finally, CWM LLC grew its holdings in shares of Atlas Energy Solutions by 244.4% during the 2nd quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $30,000 after acquiring an additional 1,586 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $10.87 and its two-hundred day moving average price is $10.65. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -27.60 and a beta of 1.31.

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.