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

Atlas Energy Solutions Inc. (NYSE:AESI) reached a new 52-week high during trading on Wednesday . The stock traded as high as $15.12 and last traded at $15.2560, with a volume of 525692 shares trading hands. The stock had previously closed at $14.63.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Stephens set a $16.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, January 27th. Royal Bank Of Canada increased their target price on shares of Atlas Energy Solutions from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 2nd. Barclays lifted their price target on shares of Atlas Energy Solutions from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Monday, April 6th. The Goldman Sachs Group boosted their price target on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Wednesday, March 4th. Finally, Citigroup upgraded shares of Atlas Energy Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $10.40 to $18.00 in a research note on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Atlas Energy Solutions currently has a consensus rating of “Hold” and a consensus target price of $13.43.

Atlas Energy Solutions Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $12.34 and its two-hundred day moving average is $11.06. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -40.95 and a beta of 0.62.

Insider Transactions at Atlas Energy Solutions

In other news, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction dated 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 directly owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Chris Scholla sold 8,912 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the completion of the sale, the insider owned 567,972 shares of the company’s stock, valued at $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 238,912 shares of company stock worth $2,837,472. 16.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans lifted its holdings in Atlas Energy Solutions by 1.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock valued at $717,000 after purchasing an additional 874 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Atlas Energy Solutions by 3.5% in the third quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock valued at $401,000 after purchasing an additional 1,200 shares during the period. Belpointe Asset Management LLC raised its position in shares of Atlas Energy Solutions by 3.5% in the third quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock valued at $412,000 after purchasing an additional 1,232 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Atlas Energy Solutions by 2.1% during the 3rd quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock worth $825,000 after buying an additional 1,500 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of Atlas Energy Solutions by 2.2% during the 3rd quarter. Comerica Bank now owns 70,197 shares of the company’s stock worth $798,000 after buying an additional 1,504 shares during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

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.