Atlas Energy Solutions (NYSE:AESI) Hits New 12-Month High – Here’s What Happened

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $17.08 and last traded at $16.6910, with a volume of 4659566 shares traded. The stock had previously closed at $16.31.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AESI. Royal Bank Of Canada upped their price objective on shares of Atlas Energy Solutions from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 2nd. Stephens set a $16.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, January 27th. The Goldman Sachs Group upped their price objective on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Wednesday, March 4th. Citigroup upgraded shares of Atlas Energy Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $10.40 to $18.00 in a research report on Wednesday, April 15th. Finally, Zacks Research raised shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Three equities research 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’s stock. According to MarketBeat, Atlas Energy Solutions has a consensus rating of “Hold” and a consensus target price of $13.43.

Atlas Energy Solutions Stock Performance

The stock’s 50 day moving average price is $12.74 and its 200 day moving average price is $11.21. 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 capitalization of $2.14 billion, a P/E ratio of -43.09 and a beta of 0.62.

Insider Buying and Selling at Atlas Energy Solutions

In related news, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the transaction, the insider directly owned 567,972 shares of the company’s stock, 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 can be accessed through the SEC website. Also, insider Gregory M. Shepard sold 130,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total value of $1,557,400.00. Following the completion of the transaction, the insider owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 238,912 shares of company stock worth $2,837,472. 16.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AESI. EverSource Wealth Advisors LLC bought a new position in shares of Atlas Energy Solutions in the second quarter valued at $25,000. Quarry LP bought a new position in shares of Atlas Energy Solutions in the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Atlas Energy Solutions by 91,500.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after buying an additional 2,745 shares in the last quarter. Centerpoint Advisors LLC lifted its stake in shares of Atlas Energy Solutions by 270.6% in the third quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock valued at $32,000 after buying an additional 2,081 shares in the last quarter. Finally, Islay Capital Management LLC bought a new position in shares of Atlas Energy Solutions in the fourth quarter valued at $28,000. 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.