Atlas Energy Solutions (NYSE:AESI) Sets New 52-Week High – Still a Buy?

Atlas Energy Solutions Inc. (NYSE:AESI)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $19.71 and last traded at $19.8140, with a volume of 1173460 shares changing hands. The stock had previously closed at $18.87.

Wall Street Analysts Forecast Growth

AESI has been the subject of a number of recent research reports. Stephens set a $16.00 target price on Atlas Energy Solutions in a research report on Tuesday, January 27th. Barclays lifted their price target on shares of Atlas Energy Solutions from $12.00 to $16.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. The Goldman Sachs Group upped their price objective on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Wednesday, March 4th. Royal Bank Of Canada increased their target price on shares of Atlas Energy Solutions from $14.00 to $20.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Finally, Citigroup lifted their target price on shares of Atlas Energy Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.57.

Atlas Energy Solutions Trading Up 4.1%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.17. The firm has a 50-day moving average of $14.37 and a 200-day moving average of $11.78. The firm has a market capitalization of $2.45 billion, a P/E ratio of -24.83 and a beta of 1.08.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the completion of the sale, the insider owned 7,421,210 shares of the company’s stock, valued at $88,906,095.80. This represents a 1.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Chris Scholla sold 8,912 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $11.79, for a total transaction of $105,072.48. Following the completion of the sale, the insider directly owned 567,972 shares in the company, valued at approximately $6,696,389.88. This trade represents a 1.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 238,912 shares of company stock worth $2,837,472 in the last 90 days. Company insiders own 16.40% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

A number of institutional investors have recently modified their holdings of AESI. Encompass Capital Advisors LLC bought a new stake in shares of Atlas Energy Solutions in the first quarter worth about $119,854,000. Millennium Management LLC lifted its holdings in Atlas Energy Solutions by 3,783.3% in the 4th quarter. Millennium Management LLC now owns 1,883,042 shares of the company’s stock worth $17,738,000 after buying an additional 1,834,551 shares during the period. UBS Group AG lifted its holdings in Atlas Energy Solutions by 139.6% in the 4th quarter. UBS Group AG now owns 2,170,655 shares of the company’s stock worth $20,448,000 after buying an additional 1,264,530 shares during the period. Nixon Capital LLC bought a new stake in shares of Atlas Energy Solutions in the 4th quarter worth approximately $11,284,000. Finally, Wellington Management Group LLP purchased a new position in shares of Atlas Energy Solutions during the fourth quarter valued at approximately $10,813,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

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.