GREGORY M SHEPARD, an insider at Atlas Energy Solutions ($AESI), bought 1,750 shares of the company on 10-22-2024. We received data on the trade from a recent SEC filing. This increased their holdings by approximately 0.0%. Following this trade, they now own 7,517,006 shares of Atlas Energy Solutions stock.
Atlas Energy Solutions Insider Trading Activity
Atlas Energy Solutions insiders have traded $AESI stock on the open market 23 times in the past 6 months. Of those trades, 11 have been purchases and 12 have been sales.
Here’s a breakdown of recent trading of $AESI stock by insiders over the last 6 months:
- GREGORY M SHEPARD has traded it 11 times. They made 11 purchases, buying 194,381 shares and 0 sales.
- BRIAN ANTHONY LEVEILLE sold 10,000 shares.
- STACY HOCK has traded it 5 times. They made 0 purchases and 5 sales, selling 42,858 shares.
- CHAD M. MCEVER has traded it 2 times. They made 0 purchases and 2 sales, selling 105,595 shares.
- RICHARD W SCHMIDT has traded it 4 times. They made 0 purchases and 4 sales, selling 208,098 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Atlas Energy Solutions Hedge Fund Activity
We have seen 125 institutional investors add shares of Atlas Energy Solutions stock to their portfolio, and 56 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CLEARLAKE CAPITAL GROUP, L.P. removed 4,957,547 shares (-100.0%) from their portfolio in Q2 2024
- BLACKROCK INC. added 2,690,260 shares (+100.6%) to their portfolio in Q2 2024
- WHITEBOX ADVISORS LLC removed 2,343,788 shares (-100.0%) from their portfolio in Q2 2024
- COOKE & BIELER LP added 1,504,988 shares (+775.7%) to their portfolio in Q2 2024
- VANGUARD GROUP INC added 1,467,483 shares (+31.8%) to their portfolio in Q2 2024
- BANK OF AMERICA CORP /DE/ added 1,315,131 shares (+195.7%) to their portfolio in Q2 2024
- ENCOMPASS CAPITAL ADVISORS LLC removed 1,227,599 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Atlas Energy Solutions Congressional Stock Trading
Members of Congress have traded $AESI stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $AESI stock by members of Congress over the last 6 months:
- REPRESENTATIVE CHIP ROY sold up to $250,000 on 05/20.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
Should I Buy $AESI Stock?
The bull case for Atlas Energy Solutions Inc. ($AESI) highlights its impressive growth in logistics service sales, which soared by 101% from Q1 to Q2 2024, outperforming estimates by 32% and showcasing a robust demand for sand in a recovering market. The company's competitive edge in the Permian Basin, driven by substantial sand reserves and efficient operational logistics, positions it well for profitability as ongoing projects are expected to enhance earnings and free cash flow, potentially translating into returns for shareholders. Conversely, the bear case raises concerns about significant financial challenges, including a $55 million cash outflow, a 22% decline in adjusted EBITDA, and capital expenditures that exceeded forecasts by 26%. Moreover, with operations heavily concentrated in the Permian Basin, $AESI is vulnerable to commodity price fluctuations and may face demand pressures due to regional egress limitations and broader macroeconomic uncertainties impacting the oil and gas sector.
Background on $AESI Stock
Atlas Energy Solutions Inc. (AESI) is a leading provider of hydraulic fracturing services in the United States, focusing on sustainable and efficient water management and logistics for oil and gas operations. The company specializes in delivering advanced technology and innovative solutions to enhance the hydraulic fracturing process, significantly improving the performance and environmental footprint of energy extraction. AESI prioritizes using a well-integrated approach to ensure that water is sourced, transported, and disposed of responsibly, while also committing to reducing emissions and promoting the use of renewable resources. By leveraging its proprietary platforms and extensive industry experience, AESI aims to support the growing demand for clean and reliable energy, positioning itself as a key player in the transition toward more sustainable energy practices.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
