Atlas Energy Solutions (NYSE:AESI) Trading Down 5.8% – Here’s Why

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

Analysts Set New Price Targets

AESI has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Atlas Energy Solutions from $12.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th. The Goldman Sachs Group increased their target price 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. Piper Sandler increased their target price on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. 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. Finally, Royal Bank Of Canada increased their target price on shares of Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.57.

Atlas Energy Solutions Stock Down 6.3%

The firm has a market cap of $2.13 billion, a P/E ratio of -21.53 and a beta of 1.08. The business’s fifty day moving average price is $15.42 and its two-hundred day moving average price is $12.21. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Chris Scholla sold 8,912 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $11.79, for a total value 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 represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of large investors have recently bought and sold shares of the business. Encompass Capital Advisors LLC bought a new stake in Atlas Energy Solutions in the first quarter worth $119,854,000. Vanguard Group Inc. boosted its holdings in Atlas Energy Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock worth $75,438,000 after purchasing an additional 215,243 shares in the last quarter. Cooperman Leon G boosted its holdings in 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 purchasing an additional 204,268 shares in the last quarter. Cooke & Bieler LP boosted its holdings in Atlas Energy Solutions by 0.8% in 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. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Atlas Energy Solutions by 0.8% in 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. 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.