Atlas Energy Solutions (NYSE:AESI) Sets New 1-Year High – Here’s Why

by · The Cerbat Gem

Atlas Energy Solutions Inc. (NYSE:AESIGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $19.71 and last traded at $19.8140, with a volume of 1173460 shares changing hands. The stock had previously closed at $18.87.

Analysts Set New Price Targets

A number of brokerages recently commented on AESI. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Royal Bank Of Canada boosted their target price on shares of Atlas Energy Solutions from $14.00 to $20.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. The Goldman Sachs Group increased their target price on Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Wednesday, March 4th. Barclays raised their price target on Atlas Energy Solutions from $12.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Finally, Citigroup boosted their price objective on Atlas Energy Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Atlas Energy Solutions presently has an average rating of “Hold” and an average price target of $18.57.

Check Out Our Latest Stock Analysis on Atlas Energy Solutions

Atlas Energy Solutions Trading Up 4.1%

The firm’s 50 day moving average is $14.37 and its 200 day moving average is $11.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 0.94. The company has a market cap of $2.45 billion, a PE ratio of -24.83 and a beta of 1.08.

Insiders Place Their Bets

In related news, insider Gregory M. Shepard sold 130,000 shares of the stock in a transaction 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 sale, the insider owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Chris Scholla sold 8,912 shares of Atlas Energy Solutions stock in a transaction on Friday, March 6th. The shares were 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 represents a 1.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 238,912 shares of company stock valued at $2,837,472 over the last 90 days. Company insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AlphaQuest LLC raised its position in shares of Atlas Energy Solutions by 520.9% during the 3rd quarter. AlphaQuest LLC now owns 151,979 shares of the company’s stock valued at $1,728,000 after buying an additional 127,502 shares in the last quarter. Villere ST Denis J & Co. LLC increased its stake in Atlas Energy Solutions by 10.5% in the third quarter. Villere ST Denis J & Co. LLC now owns 2,219,928 shares of the company’s stock valued at $25,241,000 after acquiring an additional 211,203 shares during the last quarter. Cooke & Bieler LP increased its stake in Atlas Energy Solutions by 29.0% in the third quarter. Cooke & Bieler LP now owns 4,153,554 shares of the company’s stock valued at $47,226,000 after acquiring an additional 934,114 shares during the last quarter. Advisors Asset Management Inc. raised its position in Atlas Energy Solutions by 169.6% during the third quarter. Advisors Asset Management Inc. now owns 236,395 shares of the company’s stock valued at $2,688,000 after purchasing an additional 148,709 shares in the last quarter. Finally, Kettle Hill Capital Management LLC raised its position in Atlas Energy Solutions by 61.4% during the third quarter. Kettle Hill Capital Management LLC now owns 660,843 shares of the company’s stock valued at $7,514,000 after purchasing an additional 251,474 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Company Profile

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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.

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