Atlas Energy Solutions (NYSE:AESI) Shares Gap Up – What’s Next?

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) 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 traded.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AESI shares. Citigroup reduced their price objective on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a research report on Tuesday, December 23rd. Weiss Ratings upgraded shares of Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group lowered Atlas Energy Solutions from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $12.00 to $8.00 in a report on Thursday, November 20th. Stephens set a $16.00 target price on Atlas Energy Solutions in a report on Tuesday, January 27th. Finally, Piper Sandler dropped their price target on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, November 17th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.80.

Atlas Energy Solutions Trading Down 9.9%

The business’s 50 day simple moving average is $10.82 and its 200 day simple moving average is $10.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -111.39 and a beta of 1.21.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was 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 of the company’s stock, valued at $88,906,095.80. This represents a 1.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Millennium Management LLC raised its stake in shares of Atlas Energy Solutions by 3,783.3% during the fourth quarter. Millennium Management LLC now owns 1,883,042 shares of the company’s stock worth $17,738,000 after purchasing an additional 1,834,551 shares during the last quarter. UBS Group AG grew its position 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 valued at $20,448,000 after buying an additional 1,264,530 shares during the last quarter. Nixon Capital LLC acquired a new position in Atlas Energy Solutions in the 4th quarter valued at $11,284,000. Wellington Management Group LLP purchased a new position in Atlas Energy Solutions during the 4th quarter worth $10,813,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Atlas Energy Solutions by 1,128.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,223,333 shares of the company’s stock worth $11,524,000 after acquiring an additional 1,123,767 shares during the period. 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.