Shares of Atlas Energy Solutions Inc. (NYSE:AESI – Get Free Report) fell 4.6% during mid-day trading on Friday . The company traded as low as $12.36 and last traded at $12.39. Approximately 816,815 shares changed hands during trading, a decline of 77% from the average daily volume of 3,592,230 shares. The stock had previously closed at $12.99.
Wall Street Analysts Forecast Growth
AESI has been the subject of several research analyst reports. Barclays cut their target price on shares of Atlas Energy Solutions from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. Piper Sandler raised their price target on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Raymond James Financial upgraded shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a report on Tuesday, June 2nd. The Goldman Sachs Group set a $12.00 price objective on shares of Atlas Energy Solutions in a research report on Friday, August 7th. Finally, Stifel Nicolaus reduced their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.12.
View Our Latest Analysis on AESI
Atlas Energy Solutions Stock Performance
Atlas Energy Solutions (NYSE:AESI – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The company had revenue of $293.18 million during the quarter, compared to analyst estimates of $282.24 million. Atlas Energy Solutions had a negative return on equity of 9.57% and a negative net margin of 11.08%.The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. On average, research analysts expect that Atlas Energy Solutions Inc. will post -0.94 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of AESI. EverSource Wealth Advisors LLC bought a new position in shares of Atlas Energy Solutions during the second quarter valued at $25,000. Quarry LP acquired a new stake in shares of Atlas Energy Solutions in the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Atlas Energy Solutions by 91,500.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock worth $26,000 after purchasing an additional 2,745 shares during the last quarter. Islay Capital Management LLC bought a new stake in shares of Atlas Energy Solutions in the 4th quarter worth about $28,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Atlas Energy Solutions during the 2nd quarter worth about $38,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.
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.
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