Atlas Energy Solutions (NYSE:AESI) Price Target Cut to $25.00 by Analysts at Stifel Nicolaus

Key Points

• Stifel Nicolaus cut Atlas Energy Solutions’ price target to $25 from $28 while maintaining a “buy” rating, implying 132.13% upside from the stock’s previous close.
• Analyst views remain mixed: AESI has an average “hold” rating and a consensus price target of $18.88, based on four buys, three holds and three sells.
• Shares rose 0.9% to $10.77, while institutional investors own 34.59% of the company; Encompass Capital Advisors recently initiated a stake valued at roughly $119.9 million.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) had its target price decreased by equities research analysts at Stifel Nicolaus from $28.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 132.13% from the stock's previous close.

AESI has been the topic of a number of other research reports. The Goldman Sachs Group boosted their target price on shares of Atlas Energy Solutions from $9.00 to $14.00 and gave the company a "sell" rating in a report on Wednesday, June 3rd. Barclays dropped their price objective on shares of Atlas Energy Solutions from $16.00 to $14.00 and set an "underweight" rating on the stock in a research note on Thursday, July 16th. Citigroup cut their price objective on shares of Atlas Energy Solutions from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Raymond James Financial upgraded shares of Atlas Energy Solutions from a "market perform" rating to an "outperform" rating and set a $25.00 target price for the company in a report on Tuesday, June 2nd. Finally, Piper Sandler upped their price target on Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a "neutral" rating in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $18.88.

Atlas Energy Solutions Stock Up 0.9%

Shares of AESI traded up $0.10 on Thursday, reaching $10.77. The stock had a trading volume of 652,321 shares, compared to its average volume of 3,636,349. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.94 and a current ratio of 1.82. Atlas Energy Solutions has a 12-month low of $7.64 and a 12-month high of $20.13. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -11.28 and a beta of 1.13. The company has a 50-day simple moving average of $14.88 and a 200-day simple moving average of $14.08.

Hedge Funds Weigh In On Atlas Energy Solutions

Several large investors have recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC bought a new stake in shares of Atlas Energy Solutions during the 1st quarter valued at $119,854,000. Vanguard Group Inc. lifted its position in shares of Atlas Energy Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company's stock valued at $75,438,000 after acquiring an additional 215,243 shares in the last quarter. Cooke & Bieler LP boosted its stake in shares of Atlas Energy Solutions by 0.8% in 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 period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Atlas Energy Solutions by 0.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,349,507 shares of the company's stock valued at $31,552,000 after buying an additional 25,167 shares during the period. Finally, State Street Corp boosted its holdings in shares of Atlas Energy Solutions by 5.0% in 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. Hedge funds and other 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.

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