Atlas Energy Solutions (NYSE:AESI) Shares Gap Down – Here’s Why

Atlas Energy Solutions Inc. (NYSE:AESI) shares gapped down prior to trading on Monday . The stock had previously closed at $12.15, but opened at $10.84. Atlas Energy Solutions shares last traded at $11.7610, with a volume of 2,409,999 shares traded.

Analysts Set New Price Targets

A number of analysts have weighed in on AESI shares. Royal Bank Of Canada raised their price objective on shares of Atlas Energy Solutions from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday. Barclays increased their price target on shares of Atlas Energy Solutions from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Monday. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Citigroup cut their target price on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a research note on Tuesday, December 23rd. Finally, Weiss Ratings downgraded Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $11.91.

Atlas Energy Solutions Trading Down 5.0%

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.46 and a quick ratio of 1.16. The company has a market cap of $1.43 billion, a P/E ratio of -28.76 and a beta of 0.62. The stock’s 50-day moving average is $12.01 and its two-hundred day moving average is $10.91.

Insider Activity

In other news, major shareholder Chris Scholla sold 8,912 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.79, for a total transaction of $105,072.48. Following the sale, the insider directly owned 567,972 shares of the company’s stock, valued at $6,696,389.88. This represents a 1.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory M. Shepard sold 130,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 7,421,210 shares of the company’s stock, valued at $88,906,095.80. This represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 238,912 shares of company stock worth $2,837,472 over the last ninety days. Insiders own 15.98% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

Several institutional investors and hedge funds have recently made changes to their positions in AESI. EverSource Wealth Advisors LLC bought a new stake in shares of Atlas Energy Solutions in the 2nd quarter valued at about $25,000. Quarry LP purchased a new position in Atlas Energy Solutions in the third quarter valued at about $26,000. Caitong International Asset Management Co. Ltd raised its holdings in Atlas Energy Solutions by 91,500.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock worth $26,000 after purchasing an additional 2,745 shares in the last quarter. Islay Capital Management LLC bought a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at about $28,000. Finally, Centerpoint Advisors LLC grew its position in shares of Atlas Energy Solutions by 270.6% in the 3rd quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock worth $32,000 after buying an additional 2,081 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Company Profile

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.