Atlas Energy Solutions (NYSE:AESI) Announces Earnings Results

Atlas Energy Solutions (NYSE:AESI) posted its quarterly earnings data on Monday. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.01, FiscalAI reports. The company had revenue of $249.43 million during the quarter, compared to analyst estimates of $239.52 million. Atlas Energy Solutions had a negative net margin of 1.22% and a negative return on equity of 0.11%.

Atlas Energy Solutions Stock Down 5.3%

Atlas Energy Solutions stock traded down $0.62 during trading hours on Monday, hitting $11.09. The company had a trading volume of 2,463,622 shares, compared to its average volume of 2,190,308. Atlas Energy Solutions has a fifty-two week low of $7.64 and a fifty-two week high of $21.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.35 and a quick ratio of 1.09. The firm has a market capitalization of $1.37 billion, a P/E ratio of -123.18 and a beta of 1.21. The firm’s fifty day moving average is $10.80 and its 200-day moving average is $10.73.

Insider Activity

In other news, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total value of $1,557,400.00. Following the transaction, the insider directly owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AESI. Schnieders Capital Management LLC. bought a new stake in Atlas Energy Solutions during the 2nd quarter valued at approximately $134,000. First Citizens Bank & Trust Co. acquired a new position in shares of Atlas Energy Solutions during the fourth quarter worth approximately $206,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Atlas Energy Solutions by 34.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,731 shares of the company’s stock valued at $179,000 after acquiring an additional 4,002 shares during the period. State of Tennessee Department of Treasury grew its stake in shares of Atlas Energy Solutions by 16.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 17,390 shares of the company’s stock worth $164,000 after acquiring an additional 2,481 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Atlas Energy Solutions by 20.1% in the second quarter. Osaic Holdings Inc. now owns 11,888 shares of the company’s stock worth $159,000 after acquiring an additional 1,989 shares during the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on AESI. Barclays reissued an “underweight” rating and set a $7.00 target price (down from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Royal Bank Of Canada set a $12.00 price objective on Atlas Energy Solutions in a research report on Thursday, January 15th. Zacks Research upgraded Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Piper Sandler reduced their price objective on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. Finally, Weiss Ratings raised shares of Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.80.

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.