Atlas Energy Solutions (NYSE:AESI) Stock Price Down 6.7% – Here’s What Happened

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) were down 6.7% on Wednesday . The company traded as low as $9.70 and last traded at $9.6750. Approximately 2,701,214 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 2,279,921 shares. The stock had previously closed at $10.37.

Wall Street Analyst Weigh In

AESI has been the subject of a number of recent analyst reports. Barclays restated an “underweight” rating and set a $7.00 target price (down from $11.00) on shares of Atlas Energy Solutions in a report on Friday, November 14th. The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $12.00 to $8.00 in a research report on Thursday, November 20th. Piper Sandler decreased their price objective on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, November 17th. Stifel Nicolaus set a $13.00 target price on shares of Atlas Energy Solutions in a research report on Tuesday. Finally, Zacks Research raised shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.68.

Atlas Energy Solutions Stock Performance

The company has a 50 day moving average of $10.83 and a two-hundred day moving average of $10.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market capitalization of $1.19 billion, a PE ratio of -23.96 and a beta of 1.21.

Insider Buying and Selling at Atlas Energy Solutions

In related news, insider Gregory M. Shepard sold 130,000 shares of the 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.98% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new position in shares of Atlas Energy Solutions during the second quarter valued at approximately $25,000. CWM LLC grew its stake in shares of Atlas Energy Solutions by 244.4% in the 2nd quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after buying an additional 1,586 shares during the last quarter. Quarry LP bought a new position in Atlas Energy Solutions during the 3rd quarter valued at approximately $26,000. Nisa Investment Advisors LLC raised its stake in Atlas Energy Solutions by 233.5% during the second quarter. Nisa Investment Advisors LLC now owns 2,668 shares of the company’s stock valued at $36,000 after buying an additional 1,868 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Atlas Energy Solutions by 91,500.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after buying an additional 2,745 shares during the last quarter. 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.