Atlas Energy Solutions (NYSE:AESI) Stock: Insider Gregory Shepard Sells 200,000 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) insider Gregory Shepard sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $5.56, for a total transaction of $1,112,000.00. Following the completion of the sale, the insider owned 6,721,210 shares of the company’s stock, valued at approximately $37,369,927.60. This trade represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Atlas Energy Solutions Stock Down 3.6%

NYSE AESI traded down $0.20 on Tuesday, hitting $5.34. The stock had a trading volume of 4,680,033 shares, compared to its average volume of 5,063,164. The business’s fifty day moving average price is $10.99 and its 200 day moving average price is $13.20. The stock has a market cap of $667.50 million, a price-to-earnings ratio of -4.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 0.99. Atlas Energy Solutions Inc. has a 52-week low of $5.08 and a 52-week high of $20.13.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, November 2nd. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.12). The business had revenue of $267.78 million for the quarter, compared to analysts’ expectations of $265.32 million. Atlas Energy Solutions had a negative net margin of 12.98% and a negative return on equity of 12.38%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.19) EPS. Equities research analysts anticipate that Atlas Energy Solutions Inc. will post -0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Scotiabank upped their price objective on shares of Atlas Energy Solutions from $17.00 to $18.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 4th. Stephens lowered their target price on shares of Atlas Energy Solutions from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. The Goldman Sachs Group set a $12.00 target price on shares of Atlas Energy Solutions in a research report on Friday, August 7th. Weiss Ratings restated a “sell (d)” rating on shares of Atlas Energy Solutions in a research note on Wednesday, November 4th. Finally, Royal Bank Of Canada cut their price target on shares of Atlas Energy Solutions from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 4th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Atlas Energy Solutions has an average rating of “Hold” and a consensus price target of $16.50.

Institutional Trading of Atlas Energy Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Atlas Energy Solutions by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,502,480 shares of the company’s stock valued at $19,713,000 after acquiring an additional 167,758 shares during the last quarter. CenterBook Partners LP increased its stake in shares of Atlas Energy Solutions by 84.8% in the third quarter. CenterBook Partners LP now owns 1,180,943 shares of the company’s stock worth $14,183,000 after acquiring an additional 541,774 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Atlas Energy Solutions during the second quarter worth $7,765,000. Encompass Capital Advisors LLC purchased a new position in shares of Atlas Energy Solutions during the first quarter worth $119,854,000. Finally, Readystate Asset Management LP purchased a new position in shares of Atlas Energy Solutions during the first quarter worth $1,459,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

About Atlas Energy Solutions

Atlas Energy Solutions Inc. is a U.S. energy-services company that supplies proppant, primarily frac sand, used in hydraulic fracturing. The company mines, processes and distributes sand for oil and natural gas operators. Atlas also provides logistics services to move proppant from its facilities to well sites, including transportation and storage. Its operations are focused on the Permian Basin in West Texas and southeastern New Mexico, a major oil and gas producing region. Founded in 2017, the company has developed an integrated supply and logistics network serving energy producers in the region.