Atlas Energy Solutions (NYSE:AESI) Rating Increased to Buy at Citigroup

Key Points

• Citigroup upgraded Atlas Energy Solutions (NYSE:AESI) from "neutral" to "buy" and set an $18 price target, implying roughly a 50.25% upside from the prior close.
• The analyst landscape is mixed — three Buy, three Hold and three Sell ratings, resulting in an average rating of "Hold" and an average price target of $13.
• Insiders have been net sellers recently (238,912 shares sold in the last 90 days, about $2.84M), though insiders still own 16.4% of the company and hedge funds/institutions own 34.59%.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) was upgraded by stock analysts at Citigroup from a "neutral" rating to a "buy" rating in a research note issued to investors on Wednesday, MarketBeat reports. The firm presently has a $18.00 price target on the stock. Citigroup's target price points to a potential upside of 50.25% from the stock's previous close.

A number of other equities analysts have also commented on the stock. Zacks Research raised shares of Atlas Energy Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, January 26th. Barclays raised their target price on shares of Atlas Energy Solutions from $11.00 to $12.00 and gave the stock an "underweight" rating in a research report on Monday, April 6th. Stephens set a $16.00 target price on shares of Atlas Energy Solutions in a research report on Tuesday, January 27th. The Goldman Sachs Group raised their target price on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings lowered shares of Atlas Energy Solutions from a "hold (c-)" rating to a "sell (d)" rating in a research report on Friday, February 27th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $13.00.

Atlas Energy Solutions Stock Up 2.3%

Shares of NYSE AESI opened at $11.98 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.46 and a quick ratio of 1.16. The company has a market cap of $1.49 billion, a P/E ratio of -29.95 and a beta of 0.62. Atlas Energy Solutions has a 1 year low of $7.64 and a 1 year high of $14.93. The firm has a 50-day simple moving average of $11.97 and a two-hundred day simple moving average of $10.91.

Insider Buying and Selling

In related news, major shareholder Chris Scholla sold 8,912 shares of Atlas Energy Solutions stock in a transaction that occurred 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 directly owned 567,972 shares of the company's stock, valued at $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gregory M. Shepard sold 130,000 shares of Atlas Energy Solutions stock in a transaction that occurred 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 directly owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 238,912 shares of company stock worth $2,837,472. Corporate insiders own 16.40% of the company's stock.

Hedge Funds Weigh In On Atlas Energy Solutions

Several institutional investors have recently bought and sold shares of the business. PEAK6 LLC purchased a new position in Atlas Energy Solutions during the fourth quarter valued at approximately $591,000. Virtu Financial LLC purchased a new position in Atlas Energy Solutions during the fourth quarter valued at approximately $241,000. Invesco Ltd. increased its holdings in Atlas Energy Solutions by 18.4% during the fourth quarter. Invesco Ltd. now owns 849,259 shares of the company's stock valued at $8,000,000 after buying an additional 132,205 shares during the period. Alpine Woods Capital Investors LLC purchased a new position in Atlas Energy Solutions during the fourth quarter valued at approximately $653,000. Finally, Papamarkou Wellner Asset Management inc. purchased a new position in Atlas Energy Solutions during the fourth quarter valued at approximately $302,000. 34.59% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.