Citigroup Issues Pessimistic Forecast for Atlas Energy Solutions (NYSE:AESI) Stock Price

Atlas Energy Solutions (NYSE:AESI - Get Free Report) had its price objective lowered by analysts at Citigroup from $11.00 to $10.40 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price objective would indicate a potential upside of 7.94% from the stock's current price.Get Atlas Energy Solutions alerts:Big Dippers: 3 Stocks Near 1-Year Lows That Could Surge in 2025Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group cut shares of Atlas Energy Solutions from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $12.00 to $8.00 in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Atlas Energy Solutions in a report on Monday, December 15th. Piper Sandler dropped their price objective on Atlas Energy Solutions from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, November 17th. Finally, Barclays reissued an "underweight" rating and set a $7.00 target price (down previously from $11.00) on shares of Atlas Energy Solutions in a research report on Friday, November 14th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $15.88.View Our Latest Report on Atlas Energy SolutionsAtlas Energy Solutions Stock Up 3.5%Atlas Energy Solutions: A New Star in the SmallCap 600 IndexNYSE:AESI traded up $0.33 during midday trading on Tuesday, reaching $9.64. The company had a trading volume of 1,105,599 shares, compared to its average volume of 2,044,858. Atlas Energy Solutions has a 12-month low of $7.64 and a 12-month high of $26.86. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -106.83 and a beta of 1.30. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. The stock's fifty day simple moving average is $9.92 and its 200-day simple moving average is $11.59. Hedge Funds Weigh In On Atlas Energy SolutionsA number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new stake in Atlas Energy Solutions during the 2nd quarter worth $25,000. Quarry LP purchased a new stake in shares of Atlas Energy Solutions in the third quarter valued at about $26,000. CWM LLC boosted its stake in shares of Atlas Energy Solutions by 244.4% during the second quarter. CWM LLC now owns 2,235 shares of the company's stock worth $30,000 after buying an additional 1,586 shares during the period. Centerpoint Advisors LLC grew its holdings in shares of Atlas Energy Solutions by 270.6% during the third quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company's stock worth $32,000 after buying an additional 2,081 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Atlas Energy Solutions in the 2nd quarter valued at about $36,000. 34.59% of the stock is owned by institutional investors and hedge funds. Atlas Energy Solutions Company Profile (Get Free Report)Top 3 High-Yield Stocks with Strong Analyst RatingsAtlas 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.Recommended StoriesFive stocks we like better than Atlas Energy SolutionsDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffElon Warns “America Is Broke”. Trump’s Plan Inside.Can Any Expenses Be Deducted From Capital Gains Tax?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis 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. 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