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 Atlas Energy Solutions stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $5.56, for a total value of $1,112,000.00. Following the transaction, the insider owned 6,721,210 shares of the company’s stock, valued at $37,369,927.60. The trade was a 2.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Atlas Energy Solutions Stock Performance

Shares of AESI traded down $0.20 during mid-day trading on Tuesday, reaching $5.34. The company had a trading volume of 4,680,033 shares, compared to its average volume of 5,063,164. Atlas Energy Solutions Inc. has a 52-week low of $5.08 and a 52-week high of $20.13. The company has a quick ratio of 0.99, a current ratio of 1.22 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $667.50 million, a P/E ratio of -4.77 and a beta of 1.29. The stock has a 50 day moving average of $10.99 and a two-hundred day moving average of $13.20.

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

Analysts Set New Price Targets

Several research firms have commented on AESI. Stifel Nicolaus lowered their price objective on Atlas Energy Solutions from $25.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday. Barclays cut their target price on shares of Atlas Energy Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, October 15th. Piper Sandler decreased their target price on shares of Atlas Energy Solutions from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, November 4th. Citigroup lowered their price target on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Atlas Energy Solutions in a research report 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.50.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AESI. Dimensional Fund Advisors LP raised its position in Atlas Energy Solutions by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,502,480 shares of the company’s stock worth $19,713,000 after acquiring an additional 167,758 shares during the period. CenterBook Partners LP lifted its holdings in Atlas Energy Solutions by 84.8% during the third quarter. CenterBook Partners LP now owns 1,180,943 shares of the company’s stock valued at $14,183,000 after purchasing an additional 541,774 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Atlas Energy Solutions in the second quarter valued at about $7,765,000. Encompass Capital Advisors LLC acquired a new stake in shares of Atlas Energy Solutions in the first quarter valued at about $119,854,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Atlas Energy Solutions in the first quarter valued at about $1,459,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Company Profile

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.