Atlas Energy Solutions Inc. $AESI Shares Sold by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC decreased its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 84.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 373,148 shares of the company’s stock after selling 2,071,608 shares during the quarter. Encompass Capital Advisors LLC owned 0.30% of Atlas Energy Solutions worth $4,989,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in Atlas Energy Solutions by 1.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 75,065 shares of the company’s stock worth $1,004,000 after buying an additional 725 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Atlas Energy Solutions by 7.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,090 shares of the company’s stock valued at $215,000 after acquiring an additional 1,061 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Atlas Energy Solutions by 8.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,726 shares of the company’s stock worth $250,000 after acquiring an additional 1,538 shares during the period. CWM LLC raised its holdings 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 purchasing an additional 1,586 shares during the last quarter. Finally, Bryce Point Capital LLC raised its holdings in shares of Atlas Energy Solutions by 3.5% during the second quarter. Bryce Point Capital LLC now owns 52,551 shares of the company’s stock worth $703,000 after purchasing an additional 1,779 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $10.08 on Friday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -112.03 and a beta of 1.29. Atlas Energy Solutions Inc. has a twelve month low of $7.64 and a twelve month high of $26.86. 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 has a 50-day moving average of $10.13 and a 200 day moving average of $11.73.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AESI shares. Citigroup lowered their price target on shares of Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. The Goldman Sachs Group downgraded Atlas Energy Solutions from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $12.00 to $8.00 in a research note on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Atlas Energy Solutions in a report on Monday. Piper Sandler decreased their price target on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, November 17th. Finally, Barclays restated an “underweight” rating and issued a $7.00 price objective (down previously from $11.00) on shares of Atlas Energy Solutions in a research report on Friday, November 14th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.94.

About Atlas Energy Solutions

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.