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

Atlas Energy Solutions Inc. (NYSE:AESI) shares fell 6.7% during trading on Wednesday . The company traded as low as $9.70 and last traded at $9.6750. 2,701,214 shares were traded 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus set a $13.00 price target on Atlas Energy Solutions in a research note on Tuesday. Citigroup dropped their price objective on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. Stephens set a $16.00 target price on shares of Atlas Energy Solutions in a research report on Tuesday, January 27th. 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. Finally, Barclays lifted their price target on shares of Atlas Energy Solutions from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.06.

Atlas Energy Solutions Stock Performance

The stock has a market cap of $1.19 billion, a P/E ratio of -24.01 and a beta of 1.22. The stock has a fifty day simple moving average of $10.85 and a 200-day simple moving average of $10.69. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the stock in a transaction on 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 sale, the insider directly owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 15.98% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Atlas Energy Solutions in the fourth quarter valued at about $241,000. Invesco Ltd. lifted its holdings in shares of Atlas Energy Solutions by 18.4% during the 4th quarter. Invesco Ltd. now owns 849,259 shares of the company’s stock valued at $8,000,000 after purchasing an additional 132,205 shares in the last quarter. Alpine Woods Capital Investors LLC bought a new position in shares of Atlas Energy Solutions during the 4th quarter valued at about $653,000. Papamarkou Wellner Asset Management inc. acquired a new position in shares of Atlas Energy Solutions in the 4th quarter valued at approximately $302,000. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Atlas Energy Solutions in the 4th quarter valued at approximately $206,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.