Atlas Energy Solutions (NYSE:AESI) Shares Gap Up – Time to Buy?

Atlas Energy Solutions Inc. (NYSE:AESI)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $11.00, but opened at $11.50. Atlas Energy Solutions shares last traded at $10.78, with a volume of 330,878 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Stifel Nicolaus set a $13.00 target price on shares of Atlas Energy Solutions in a research report on Tuesday. Royal Bank Of Canada set a $12.00 price target on Atlas Energy Solutions in a report on Thursday, January 15th. Piper Sandler decreased their price objective on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. The Goldman Sachs Group lowered shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their price target for the company from $12.00 to $8.00 in a research report on Thursday, November 20th. Finally, Stephens set a $16.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.06.

Atlas Energy Solutions Stock Up 1.8%

The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -24.34 and a beta of 1.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.09. The business has a fifty day moving average price of $10.83 and a two-hundred day moving average price of $10.71.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of Atlas Energy Solutions stock in a transaction that occurred 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 legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 15.98% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds have recently added to or reduced their stakes in AESI. EverSource Wealth Advisors LLC purchased a new position in shares of Atlas Energy Solutions during the 2nd quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Atlas Energy Solutions by 91,500.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after purchasing an additional 2,745 shares in the last quarter. Islay Capital Management LLC purchased a new position in shares of Atlas Energy Solutions during the 4th quarter valued at approximately $28,000. Finally, CWM LLC lifted 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 valued at $30,000 after purchasing an additional 1,586 shares during the period. 34.59% of the stock is 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.