Atlas Energy Solutions (NYSE:AESI) Trading Down 5.4% – Time to Sell?

Atlas Energy Solutions Inc. (NYSE:AESI)’s share price traded down 5.4% during mid-day trading on Wednesday . The company traded as low as $12.61 and last traded at $12.4050. 143,732 shares changed hands during trading, a decline of 95% from the average session volume of 2,624,924 shares. The stock had previously closed at $13.12.

Analyst Ratings Changes

Several equities research analysts have recently commented on AESI shares. Zacks Research raised shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Weiss Ratings lowered shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $13.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, February 24th. The Goldman Sachs Group increased 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 report on Wednesday, March 4th. Finally, Citigroup dropped their price target on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a research note on Tuesday, December 23rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Atlas Energy Solutions has an average rating of “Reduce” and a consensus price target of $11.77.

Atlas Energy Solutions Trading Down 0.3%

The stock has a 50-day moving average price of $12.00 and a two-hundred day moving average price of $10.91. The stock has a market capitalization of $1.51 billion, a PE ratio of -30.40 and a beta of 0.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.46.

Insider Buying and Selling

In other Atlas Energy Solutions news, major shareholder Chris Scholla sold 8,912 shares of Atlas Energy Solutions stock in a transaction that occurred on 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 of the company’s stock, valued at $6,696,389.88. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the completion of the transaction, the insider owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 238,912 shares of company stock worth $2,837,472. 15.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Atlas Energy Solutions by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock valued at $75,438,000 after acquiring an additional 215,243 shares during the period. Cooperman Leon G boosted its stake in shares of Atlas Energy Solutions by 4.0% in the third quarter. Cooperman Leon G now owns 5,366,363 shares of the company’s stock worth $61,016,000 after acquiring an additional 204,268 shares during the period. Cooke & Bieler LP grew its position in shares of Atlas Energy Solutions by 0.8% during the fourth quarter. Cooke & Bieler LP now owns 4,186,243 shares of the company’s stock worth $39,434,000 after purchasing an additional 32,689 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Atlas Energy Solutions by 0.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,349,507 shares of the company’s stock worth $31,552,000 after purchasing an additional 25,167 shares in the last quarter. Finally, State Street Corp raised its stake in Atlas Energy Solutions by 5.0% during the 4th quarter. State Street Corp now owns 3,242,112 shares of the company’s stock valued at $30,541,000 after purchasing an additional 155,028 shares during the period. 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.