Atlas Energy Solutions (NYSE:AESI) Trading Up 8.3% – Still a Buy?

Atlas Energy Solutions Inc. (NYSE:AESI) shares shot up 8.3% during mid-day trading on Tuesday . The company traded as high as $13.68 and last traded at $13.7160. 287,110 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 2,698,235 shares. The stock had previously closed at $12.67.

Analyst Ratings Changes

AESI has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Wednesday, March 4th. Stifel Nicolaus set a $13.00 target price on Atlas Energy Solutions in a research report on Tuesday, February 24th. Zacks Research upgraded Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Weiss Ratings downgraded Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, February 27th. Finally, Barclays raised their target price on Atlas Energy Solutions from $8.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. Three 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.63.

Atlas Energy Solutions Trading Up 6.5%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.46. The firm has a market capitalization of $1.68 billion, a P/E ratio of -33.73 and a beta of 1.32. The firm has a 50 day moving average price of $11.69 and a two-hundred day moving average price of $10.78.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total value of $1,557,400.00. Following the completion of the transaction, the insider directly owned 7,421,210 shares in the company, valued at $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Chris Scholla sold 8,912 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.79, for a total transaction of $105,072.48. Following the completion of the transaction, the insider directly owned 567,972 shares in the company, valued at approximately $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 238,912 shares of company stock valued at $2,837,472 over the last ninety days. Insiders own 15.98% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC acquired a new stake in shares of Atlas Energy Solutions during the second quarter worth approximately $25,000. Quarry LP acquired a new stake in shares of Atlas Energy Solutions during the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd grew its holdings 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 acquiring an additional 2,745 shares in the last quarter. Centerpoint Advisors LLC increased its stake in shares of Atlas Energy Solutions by 270.6% in the third quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock worth $32,000 after acquiring an additional 2,081 shares during the last quarter. Finally, Islay Capital Management LLC acquired a new stake in Atlas Energy Solutions during the fourth quarter valued at $28,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

About Atlas Energy Solutions

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.