Atlas Energy Solutions (NYSE:AESI) Announces Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Atlas Energy Solutions (NYSE:AESI) issued its earnings results 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 for the quarter, compared to analysts’ expectations of $256.38 million.

Atlas Energy Solutions Trading Up 4.0%

NYSE AESI traded up $0.68 on Monday, hitting $17.81. The company’s stock had a trading volume of 5,876,503 shares, compared to its average volume of 3,785,750. The firm has a market cap of $2.21 billion, a P/E ratio of -44.52 and a beta of 1.08. Atlas Energy Solutions has a 52-week low of $7.64 and a 52-week high of $17.85. The company’s 50-day simple moving average is $12.84 and its 200 day simple moving average is $11.26. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47.

Insider Activity at Atlas Energy Solutions

In related news, insider Gregory M. Shepard sold 130,000 shares of Atlas Energy Solutions 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 sale, the insider owned 7,421,210 shares in the company, valued at $88,906,095.80. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Chris Scholla sold 8,912 shares of the business’s 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 in the company, valued at approximately $6,696,389.88. The trade was a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 238,912 shares of company stock worth $2,837,472 over the last three months. Insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new position in shares of Atlas Energy Solutions during the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its position in 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 valued at $26,000 after acquiring an additional 2,745 shares in the last quarter. Quarry LP bought a new stake in Atlas Energy Solutions during the 3rd quarter valued at approximately $26,000. BNP Paribas Financial Markets grew its holdings in shares of 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 acquiring an additional 2,369 shares during the period. Finally, FORA Capital LLC bought a new position in shares of Atlas Energy Solutions in the 4th quarter worth approximately $111,000. Institutional investors own 34.59% of the company’s stock.

Analyst Ratings Changes

AESI has been the subject of several recent research reports. Stifel Nicolaus set a $28.00 price objective on Atlas Energy Solutions in a research report on Friday. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Barclays lifted their target price on shares of Atlas Energy Solutions from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Monday, April 6th. Royal Bank Of Canada upped their price target on shares of Atlas Energy Solutions from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 2nd. Finally, Citigroup raised shares of Atlas Energy Solutions from a “neutral” rating to a “buy” rating and raised their price target for the stock from $10.40 to $18.00 in a report on Wednesday, April 15th. 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. According to MarketBeat.com, Atlas Energy Solutions has an average rating of “Hold” and a consensus target price of $15.57.

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.