Atlas Energy Solutions (NYSE:AESI) Shares Up 9% - Time to Buy?

Key Points

• Shares of Atlas Energy Solutions (NYSE:AESI) jumped about 9% mid-day to roughly $12.39, trading as high as $12.18 on volume of ~1.32M shares—about 61% below its average daily volume.
• Analyst coverage is mixed (2 Buys, 4 Holds, 3 Sells) with a MarketBeat consensus rating of "Reduce" and an average price target of $11.91, which is slightly below the current share price.
• Insiders have been sellers recently—238,912 shares sold (~$2.84M) over the last three months—while insiders still own 16.40% of the company.

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) was up 9% during mid-day trading on Monday . The stock traded as high as $12.18 and last traded at $12.3880. Approximately 1,318,067 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 3,346,014 shares. The stock had previously closed at $11.37.

Analyst Ratings Changes

AESI has been the topic of several analyst reports. Zacks Research raised Atlas Energy Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, January 26th. Royal Bank Of Canada raised their price target on shares of Atlas Energy Solutions from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Thursday, April 2nd. The Goldman Sachs Group boosted their price objective on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the company a "sell" rating in a report on Wednesday, March 4th. Weiss Ratings cut shares of Atlas Energy Solutions from a "hold (c-)" rating to a "sell (d)" rating in a report on Friday, February 27th. Finally, Citigroup cut their target price 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. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $11.91.

Atlas Energy Solutions Stock Performance

The business has a 50-day simple moving average of $11.98 and a 200 day simple moving average of $10.91. 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 firm has a market cap of $1.48 billion, a PE ratio of -29.71 and a beta of 0.62.

Insider Activity at Atlas Energy Solutions

In related news, insider Gregory M. Shepard sold 130,000 shares of the company's 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 completion of the transaction, the insider owned 7,421,210 shares of the company's stock, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $11.79, for a total value of $105,072.48. Following the sale, the insider 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 SEC filing for this sale provides additional information. Insiders sold a total of 238,912 shares of company stock valued at $2,837,472 over the last three months. 16.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

Several institutional investors have recently bought and sold shares of AESI. EverSource Wealth Advisors LLC purchased a new position in shares of Atlas Energy Solutions during the second quarter valued at about $25,000. Quarry LP purchased a new position in Atlas Energy Solutions during the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its stake in Atlas Energy Solutions by 91,500.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company's stock worth $26,000 after acquiring an additional 2,745 shares during the last quarter. Islay Capital Management LLC purchased a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $28,000. Finally, Centerpoint Advisors LLC boosted its position in shares of Atlas Energy Solutions by 270.6% during the 3rd quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company's stock valued at $32,000 after acquiring an additional 2,081 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other 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.

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