Atlas Energy Solutions (NYSE:AESI) Shares Down 5.9% – What’s Next?

Atlas Energy Solutions Inc. (NYSE:AESI) was down 5.9% during mid-day trading on Monday . The stock traded as low as $12.60 and last traded at $12.6850. Approximately 215,377 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 2,681,484 shares. The stock had previously closed at $13.48.

Wall Street Analyst Weigh In

AESI has been the subject of a number of recent research reports. Stifel Nicolaus set a $13.00 price objective on Atlas Energy Solutions in a research note on Tuesday, February 24th. Zacks Research upgraded Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Royal Bank Of Canada set a $12.00 price target on shares of Atlas Energy Solutions in a research report on Thursday, January 15th. Stephens set a $16.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, January 27th. Finally, Barclays lifted their price objective on shares of Atlas Energy Solutions from $8.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Atlas Energy Solutions has an average rating of “Hold” and an average target price of $11.63.

Atlas Energy Solutions Trading Up 6.7%

The firm has a 50-day moving average of $11.74 and a 200 day moving average of $10.79. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -33.78 and a beta of 1.31.

Insiders Place Their Bets

In related news, insider Gregory M. Shepard sold 130,000 shares of the company’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 sale, the insider owned 7,421,210 shares of the company’s stock, valued at $88,906,095.80. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the completion of the transaction, the insider owned 567,972 shares of the company’s stock, valued at $6,696,389.88. This represents a 1.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 238,912 shares of company stock worth $2,837,472 over the last three months. Corporate insiders own 15.98% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its position in shares of Atlas Energy Solutions by 1.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock valued at $717,000 after acquiring an additional 874 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Atlas Energy Solutions by 7.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,090 shares of the company’s stock worth $215,000 after acquiring an additional 1,061 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Atlas Energy Solutions by 3.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $401,000 after acquiring an additional 1,200 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in shares of Atlas Energy Solutions by 3.5% in the 3rd quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock worth $412,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Atlas Energy Solutions by 2.1% during the third quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock worth $825,000 after purchasing an additional 1,500 shares during the period. 34.59% of the stock is currently owned by 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.