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

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) gapped down before the market opened on Tuesday . The stock had previously closed at $10.93, but opened at $9.92. Atlas Energy Solutions shares last traded at $10.5670, with a volume of 1,333,122 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AESI shares. Citigroup decreased their price objective on Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Stifel Nicolaus set a $28.00 price target on shares of Atlas Energy Solutions in a research note on Friday, May 1st. Royal Bank Of Canada cut their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a “sector perform” rating for the company in a research note on Wednesday. Weiss Ratings upgraded shares of Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. Finally, Raymond James Financial upgraded shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Atlas Energy Solutions has a consensus rating of “Hold” and an average price target of $19.25.

Atlas Energy Solutions Stock Down 2.3%

The firm has a market cap of $1.33 billion, a PE ratio of -11.24 and a beta of 1.13. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.94 and a current ratio of 1.82. The company’s 50-day simple moving average is $14.88 and its two-hundred day simple moving average is $14.08.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new stake in Atlas Energy Solutions in the 2nd quarter worth approximately $25,000. Quarry LP bought a new position in shares of Atlas Energy Solutions during the third quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd lifted its stake in Atlas Energy Solutions by 91,500.0% in the fourth 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 period. Islay Capital Management LLC purchased a new stake in Atlas Energy Solutions in the fourth quarter worth $28,000. Finally, State of Wyoming purchased a new stake in Atlas Energy Solutions in the first quarter worth $48,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.