Atlas Energy Solutions (NYSE:AESI) Trading Down 5.8% – Should You Sell?

Atlas Energy Solutions Inc. (NYSE:AESI) dropped 5.8% during mid-day trading on Thursday . The stock traded as low as $17.22 and last traded at $17.1150. Approximately 1,248,418 shares were traded during trading, a decline of 68% from the average daily volume of 3,853,141 shares. The stock had previously closed at $18.16.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AESI. Citigroup boosted their price target on Atlas Energy Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Stifel Nicolaus set a $28.00 price objective on Atlas Energy Solutions in a research report on Friday, May 1st. Piper Sandler boosted their target price on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. The Goldman Sachs Group increased their price target on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings downgraded shares of Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Atlas Energy Solutions presently has an average rating of “Hold” and a consensus price target of $18.57.

Atlas Energy Solutions Price Performance

The stock has a 50-day moving average price of $15.55 and a two-hundred day moving average price of $12.28. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -21.11 and a beta of 1.08.

Insiders Place Their Bets

In other news, major shareholder Chris Scholla sold 8,912 shares of the company’s 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 transaction, the insider owned 567,972 shares in the company, valued at $6,696,389.88. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC purchased a new position in Atlas Energy Solutions in the 2nd quarter worth $25,000. Quarry LP acquired a new position in shares of Atlas Energy Solutions in the third quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Atlas Energy Solutions by 91,500.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after purchasing an additional 2,745 shares during the period. Centerpoint Advisors LLC raised 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 purchasing an additional 2,081 shares during the last quarter. Finally, Islay Capital Management LLC purchased a new position in shares of Atlas Energy Solutions in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.