Atlas Energy Solutions (NYSE:AESI) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

by · The Markets Daily

Atlas Energy Solutions (NYSE:AESI – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01, FiscalAI reports. The firm had revenue of $249.43 million for the quarter, compared to analyst estimates of $239.52 million. Atlas Energy Solutions had a negative return on equity of 0.11% and a negative net margin of 1.22%.

Atlas Energy Solutions Stock Down 5.3%

AESI stock traded down $0.62 during midday trading on Monday, hitting $11.09. The company’s stock had a trading volume of 2,464,022 shares, compared to its average volume of 2,190,308. The firm’s 50-day moving average is $10.80 and its 200-day moving average is $10.73. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. Atlas Energy Solutions has a 12 month low of $7.64 and a 12 month high of $21.17. The company has a market cap of $1.37 billion, a PE ratio of -123.18 and a beta of 1.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AESI shares. Stephens set a $16.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday, January 27th. Citigroup cut their price target on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a research note on Tuesday, December 23rd. Piper Sandler dropped their target price on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Barclays reiterated an “underweight” rating and issued a $7.00 target price (down previously from $11.00) on shares of Atlas Energy Solutions in a report on Friday, November 14th. Finally, Weiss Ratings upgraded shares of Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.80.

Read Our Latest Stock Report on Atlas Energy Solutions

Insider Activity at Atlas Energy Solutions

In related news, insider Gregory M. Shepard sold 130,000 shares of the firm’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 completion of the transaction, the insider directly owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.98% of the stock is owned by insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of large investors have recently bought and sold shares of AESI. EverSource Wealth Advisors LLC acquired a new stake in Atlas Energy Solutions in the second quarter valued at about $25,000. Quarry LP acquired a new position in Atlas Energy Solutions in the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Atlas Energy Solutions by 91,500.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock worth $26,000 after buying an additional 2,745 shares during the last quarter. BNP Paribas Financial Markets increased its position in Atlas Energy Solutions by 43.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,823 shares of the company’s stock worth $105,000 after purchasing an additional 2,369 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Atlas Energy Solutions by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 8,954 shares of the company’s stock valued at $120,000 after purchasing an additional 2,314 shares during the period. Institutional investors and hedge funds own 34.59% of the company’s stock.

About Atlas Energy Solutions

(Get Free Report)

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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