Atlas Energy Solutions (NYSE:AESI) Hits New 1-Year High – What’s Next?

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) reached a new 52-week high on Monday . The company traded as high as $17.85 and last traded at $17.8070, with a volume of 4392513 shares. The stock had previously closed at $17.13.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AESI shares. The Goldman Sachs Group boosted their target price on Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Wednesday, March 4th. Stephens set a $16.00 target price on Atlas Energy Solutions in a report on Tuesday, January 27th. Royal Bank Of Canada boosted their target price on Atlas Energy Solutions from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 2nd. Barclays boosted their target price on Atlas Energy Solutions from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Monday, April 6th. Finally, Piper Sandler upped their price target on shares of Atlas Energy Solutions from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Atlas Energy Solutions has an average rating of “Hold” and a consensus price target of $15.57.

Atlas Energy Solutions Price Performance

The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of -44.52 and a beta of 1.08. The company’s 50-day moving average is $12.84 and its 200-day moving average is $11.26.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.15). The firm had revenue of $265.58 million for the quarter, compared to analyst estimates of $256.38 million. Atlas Energy Solutions had a negative return on equity of 2.84% and a negative net margin of 4.59%. Equities research analysts predict that Atlas Energy Solutions Inc. will post -0.5 earnings per share for the current year.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Chris Scholla sold 8,912 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $11.79, for a total value of $105,072.48. Following the sale, the insider directly owned 567,972 shares of the company’s stock, valued at $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gregory M. Shepard sold 130,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 7,421,210 shares in the company, valued at $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 238,912 shares of company stock worth $2,837,472 in the last quarter. 16.40% of the stock is currently owned by company insiders.

Institutional Trading of Atlas Energy Solutions

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Atlas Energy Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock valued at $75,438,000 after buying an additional 215,243 shares in the last quarter. Cooperman Leon G boosted its position in Atlas Energy Solutions by 4.0% in the third quarter. Cooperman Leon G now owns 5,366,363 shares of the company’s stock valued at $61,016,000 after buying an additional 204,268 shares in the last quarter. Cooke & Bieler LP boosted its position in Atlas Energy Solutions by 0.8% in the fourth quarter. Cooke & Bieler LP now owns 4,186,243 shares of the company’s stock valued at $39,434,000 after buying an additional 32,689 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Atlas Energy Solutions by 0.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,349,507 shares of the company’s stock valued at $31,552,000 after buying an additional 25,167 shares in the last quarter. Finally, State Street Corp boosted its position in Atlas Energy Solutions by 5.0% in the fourth quarter. State Street Corp now owns 3,242,112 shares of the company’s stock valued at $30,541,000 after buying an additional 155,028 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

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.