Atlas Energy Solutions (NYSE:AESI) Sees Unusually-High Trading Volume on Analyst Upgrade

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) saw strong trading volume on Tuesday after Barclays raised their price target on the stock from $11.00 to $12.00. Barclays currently has an underweight rating on the stock. 5,673,296 shares changed hands during mid-day trading, an increase of 97% from the previous session’s volume of 2,873,154 shares.The stock last traded at $11.1350 and had previously closed at $11.16.

A number of other research firms have also weighed in on AESI. Stephens set a $16.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, January 27th. Stifel Nicolaus set a $13.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, February 24th. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. The Goldman Sachs Group upped their price target on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings lowered shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $11.91.

Insider Buying and Selling at Atlas Energy Solutions

In other news, insider Gregory M. Shepard sold 130,000 shares of the business’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 transaction, the insider owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Chris Scholla sold 8,912 shares of the business’s stock in a transaction 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 completion of the transaction, the insider directly owned 567,972 shares in the company, valued at $6,696,389.88. This trade represents a 1.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 238,912 shares of company stock worth $2,837,472 in the last three months. Insiders own 15.98% of the company’s stock.

Hedge Funds Weigh In On Atlas Energy Solutions

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Atlas Energy Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock worth $75,438,000 after buying an additional 215,243 shares in the last quarter. Cooperman Leon G lifted its holdings in shares of Atlas Energy Solutions by 4.0% in the third quarter. Cooperman Leon G now owns 5,366,363 shares of the company’s stock worth $61,016,000 after buying an additional 204,268 shares in the last quarter. Cooke & Bieler LP lifted its holdings in shares of Atlas Energy Solutions by 0.8% in the fourth quarter. Cooke & Bieler LP now owns 4,186,243 shares of the company’s stock worth $39,434,000 after buying an additional 32,689 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Atlas Energy Solutions by 0.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,349,507 shares of the company’s stock worth $31,552,000 after buying an additional 25,167 shares in the last quarter. Finally, State Street Corp raised its stake in Atlas Energy Solutions by 5.0% during the fourth quarter. State Street Corp now owns 3,242,112 shares of the company’s stock valued at $30,541,000 after purchasing an additional 155,028 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Trading Up 0.5%

The company has a market cap of $1.40 billion, a PE ratio of -28.24 and a beta of 0.62. The stock’s 50 day moving average is $11.99 and its 200-day moving average is $10.92. The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.47.

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.