Atlas Energy Solutions (NYSE:AESI) Shares Down 7.9% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AESI. The Goldman Sachs Group boosted their price objective on Atlas Energy Solutions from $9.00 to $14.00 and gave the company a “sell” rating in a research report on Wednesday, June 3rd. Piper Sandler increased their target price on Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Citigroup decreased their target price on Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Raymond James Financial raised Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Tuesday, June 2nd. Finally, Royal Bank Of Canada upped their price target on Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Atlas Energy Solutions has a consensus rating of “Hold” and an average target price of $19.62.

Atlas Energy Solutions Stock Down 8.1%

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 has a 50 day simple moving average of $16.22 and a two-hundred day simple moving average of $14.03. The company has a market capitalization of $1.50 billion, a P/E ratio of -15.20 and a beta of 1.01.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Atlas Energy Solutions by 26.0% in the 1st quarter. Royal Bank of Canada now owns 249,793 shares of the company’s stock worth $4,456,000 after acquiring an additional 51,477 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Atlas Energy Solutions by 14.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,209 shares of the company’s stock valued at $789,000 after buying an additional 5,579 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Atlas Energy Solutions by 18.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,409,054 shares of the company’s stock worth $25,138,000 after buying an additional 219,834 shares during the period. Schnieders Capital Management LLC. purchased a new stake in shares of Atlas Energy Solutions in the second quarter worth approximately $134,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Atlas Energy Solutions by 6.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 108,001 shares of the company’s stock worth $1,444,000 after acquiring an additional 6,869 shares during the last quarter. Hedge funds and other institutional investors 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.