Atlas Energy Solutions (NYSE:AESI) Hits New 12-Month High – Still a Buy?

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) reached a new 52-week high on Monday . The company traded as high as $19.71 and last traded at $19.8140, with a volume of 1173460 shares. The stock had previously closed at $18.87.

Analysts Set New Price Targets

A number of brokerages have commented on AESI. Citigroup raised 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. Royal Bank Of Canada upped their price objective on shares of Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Stephens set a $16.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, January 27th. Stifel Nicolaus set a $28.00 target price on shares of Atlas Energy Solutions in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Atlas Energy Solutions presently has an average rating of “Hold” and an average price target of $18.57.

Atlas Energy Solutions Stock Down 0.3%

The stock’s fifty day moving average is $14.68 and its two-hundred day moving average is $11.89. The firm has a market cap of $2.39 billion, a P/E ratio of -24.31 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Chris Scholla sold 8,912 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was 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 approximately $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.40% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of AESI. EverSource Wealth Advisors LLC bought a new position in Atlas Energy Solutions during the 2nd quarter valued at approximately $25,000. Quarry LP bought a new position in Atlas Energy Solutions in the 3rd quarter worth about $26,000. Caitong International Asset Management Co. Ltd grew 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 purchasing an additional 2,745 shares during the last quarter. Centerpoint Advisors LLC increased its stake in Atlas Energy Solutions by 270.6% during the 3rd quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock valued at $32,000 after purchasing an additional 2,081 shares in the last quarter. Finally, Islay Capital Management LLC purchased a new position in Atlas Energy Solutions in the fourth quarter worth about $28,000. Institutional investors own 34.59% of the company’s stock.

About Atlas Energy Solutions

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.