Atlas Energy Solutions (NYSE:AESI) Stock Price Down 6.7% – Time to Sell?

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

Wall Street Analysts Forecast Growth

AESI has been the subject of several recent analyst reports. Royal Bank Of Canada set a $12.00 price target on Atlas Energy Solutions in a research report on Thursday, January 15th. Barclays restated an “underweight” rating and set a $7.00 price objective (down from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Citigroup decreased their target price on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. Stifel Nicolaus set a $13.00 price target on shares of Atlas Energy Solutions in a report on Tuesday. Finally, Piper Sandler reduced their price target on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.68.

Atlas Energy Solutions Price Performance

The business’s 50 day moving average price is $10.83 and its 200 day moving average price is $10.71. The stock has a market capitalization of $1.19 billion, a P/E ratio of -23.96 and a beta of 1.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.35 and a quick ratio of 1.09.

Insider Buying and Selling

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the completion of the sale, the insider directly owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.98% of the company’s stock.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of institutional investors and hedge funds have recently modified their holdings of AESI. Royal Bank of Canada increased its position in Atlas Energy Solutions by 26.0% during the first quarter. Royal Bank of Canada now owns 249,793 shares of the company’s stock valued at $4,456,000 after acquiring an additional 51,477 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Atlas Energy Solutions by 14.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,209 shares of the company’s stock valued at $789,000 after purchasing an additional 5,579 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Atlas Energy Solutions by 18.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,409,054 shares of the company’s stock valued at $25,138,000 after purchasing an additional 219,834 shares during the last quarter. CWM LLC increased its position in shares of Atlas Energy Solutions by 244.4% during the 2nd quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $30,000 after purchasing an additional 1,586 shares during the last quarter. Finally, Schnieders Capital Management LLC. bought a new position in shares of Atlas Energy Solutions in the 2nd quarter worth approximately $134,000. 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.