Atlas Energy Solutions (NYSE:AESI) Trading Down 7.9% – Should You Sell?

Atlas Energy Solutions Inc. (NYSE:AESI)’s stock price dropped 7.9% during trading on Thursday . The company traded as low as $13.48 and last traded at $13.3990. 906,206 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 3,530,268 shares. The stock had previously closed at $14.55.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Stifel Nicolaus set a $28.00 target price on Atlas Energy Solutions in a report on Friday, May 1st. Barclays reduced their price target on Atlas Energy Solutions from $16.00 to $14.00 and set an “underweight” rating for the company in a research report on Thursday, July 16th. The Goldman Sachs Group upped their price objective on Atlas Energy Solutions from $9.00 to $14.00 and gave the stock a “sell” rating in a research note on Wednesday, June 3rd. Raymond James Financial raised Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada lifted their target price on Atlas Energy Solutions from $14.00 to $20.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.62.

Atlas Energy Solutions Trading Down 10.0%

The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -16.47 and a beta of 1.01. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. The company’s 50 day simple moving average is $16.48 and its two-hundred day simple moving average is $14.02.

Institutional Trading of Atlas Energy Solutions

Institutional investors have recently made changes to their positions in the business. Encompass Capital Advisors LLC acquired a new position in shares of Atlas Energy Solutions during the first quarter valued at about $119,854,000. Millennium Management LLC raised its position in shares of Atlas Energy Solutions by 3,783.3% in the 4th quarter. Millennium Management LLC now owns 1,883,042 shares of the company’s stock valued at $17,738,000 after purchasing an additional 1,834,551 shares during the last quarter. Wasatch Advisors LP acquired a new stake in Atlas Energy Solutions in the 2nd quarter worth approximately $30,468,000. UBS Group AG boosted its stake in Atlas Energy Solutions by 139.6% in the 4th quarter. UBS Group AG now owns 2,170,655 shares of the company’s stock worth $20,448,000 after purchasing an additional 1,264,530 shares in the last quarter. Finally, Nixon Capital LLC purchased a new stake in Atlas Energy Solutions during the 4th quarter worth approximately $11,284,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.