Atlas Energy Solutions (NYSE:AESI) Announces Quarterly Earnings Results

Atlas Energy Solutions (NYSE:AESI) announced its quarterly earnings data on Monday. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.15), FiscalAI reports. Atlas Energy Solutions had a negative net margin of 4.59% and a negative return on equity of 2.84%. The company had revenue of $265.58 million during the quarter, compared to the consensus estimate of $256.38 million.

Atlas Energy Solutions Trading Up 4.0%

Shares of Atlas Energy Solutions stock traded up $0.68 during midday trading on Monday, reaching $17.81. 5,877,319 shares of the company’s stock traded hands, compared to its average volume of 3,785,750. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.46. The company has a market cap of $2.21 billion, a PE ratio of -44.52 and a beta of 1.08. The stock has a 50 day moving average of $12.84 and a 200-day moving average of $11.26. Atlas Energy Solutions has a 12 month low of $7.64 and a 12 month high of $17.85.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Piper Sandler boosted their price objective on Atlas Energy Solutions from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Zacks Research upgraded Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. The Goldman Sachs Group boosted their price objective on Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada boosted their price objective on Atlas Energy Solutions from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 2nd. Finally, Citigroup upgraded Atlas Energy Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $10.40 to $18.00 in a research report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.57.

Insider Buying and Selling

In related news, major shareholder Chris Scholla sold 8,912 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.79, for a total transaction of $105,072.48. Following the completion of the transaction, the insider owned 567,972 shares in the company, valued at $6,696,389.88. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction that occurred 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 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 238,912 shares of company stock valued at $2,837,472. 16.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC grew its stake in Atlas Energy Solutions by 3,783.3% in the fourth quarter. Millennium Management LLC now owns 1,883,042 shares of the company’s stock worth $17,738,000 after purchasing an additional 1,834,551 shares during the period. Wellington Management Group LLP purchased a new stake in Atlas Energy Solutions in the fourth quarter worth $10,813,000. Balyasny Asset Management L.P. grew its stake in Atlas Energy Solutions by 1,128.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,223,333 shares of the company’s stock worth $11,524,000 after purchasing an additional 1,123,767 shares during the period. Jane Street Group LLC grew its stake in Atlas Energy Solutions by 1,165.5% in the fourth quarter. Jane Street Group LLC now owns 801,164 shares of the company’s stock worth $7,547,000 after purchasing an additional 737,858 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Atlas Energy Solutions by 431.2% in the second quarter. Ameriprise Financial Inc. now owns 829,348 shares of the company’s stock worth $11,088,000 after purchasing an additional 673,221 shares during the period. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Company Profile

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.