Atlas Energy Solutions (NYSE:AESI) Shares Gap Up – Here’s What Happened

Atlas Energy Solutions Inc. (NYSE:AESI)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $12.20, but opened at $12.83. Atlas Energy Solutions shares last traded at $13.1750, with a volume of 347,729 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AESI shares. Weiss Ratings downgraded 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 Atlas Energy Solutions in a research report on Tuesday, February 24th. Royal Bank Of Canada set a $12.00 target price on Atlas Energy Solutions in a research note on Thursday, January 15th. Zacks Research raised Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Finally, Stephens set a $16.00 price target on Atlas Energy Solutions in a research note on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.63.

Atlas Energy Solutions Price Performance

The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -31.85 and a beta of 0.61. The company’s 50 day moving average is $12.00 and its 200 day moving average is $10.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.46 and a quick ratio of 1.16.

Insider Buying and Selling

In other 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory M. Shepard sold 130,000 shares of the business’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 value of $1,557,400.00. Following the sale, 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 238,912 shares of company stock valued at $2,837,472. Insiders own 15.98% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

Institutional investors have recently bought and sold shares of the company. AlphaQuest LLC boosted its stake in shares of Atlas Energy Solutions by 520.9% during the 3rd quarter. AlphaQuest LLC now owns 151,979 shares of the company’s stock worth $1,728,000 after purchasing an additional 127,502 shares during the last quarter. Kennedy Capital Management LLC raised its position in shares of Atlas Energy Solutions by 35.4% in the second quarter. Kennedy Capital Management LLC now owns 943,501 shares of the company’s stock valued at $12,615,000 after buying an additional 246,843 shares during the last quarter. Villere ST Denis J & Co. LLC lifted its stake in shares of Atlas Energy Solutions by 10.5% during the third quarter. Villere ST Denis J & Co. LLC now owns 2,219,928 shares of the company’s stock valued at $25,241,000 after buying an additional 211,203 shares during the period. Cooke & Bieler LP lifted its stake in shares of Atlas Energy Solutions by 29.0% during the third quarter. Cooke & Bieler LP now owns 4,153,554 shares of the company’s stock valued at $47,226,000 after buying an additional 934,114 shares during the period. Finally, Ardsley Advisory Partners LP acquired a new stake in Atlas Energy Solutions during the second quarter worth approximately $2,674,000. 34.59% of the stock is currently 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.