Atlas Energy Solutions (NYSE:AESI) Reaches New 1-Year High - What's Next?

Key Points

• Atlas Energy Solutions hit a new 52-week high, trading as high as $17.08 (last $16.69) on heavy volume, reflecting a recent rally in the stock.
• Analysts are mixed with a consensus rating of Hold and an average price target of $13.43, below the current share price, after a series of revised targets and differing buy/hold/sell opinions.
• Insiders have been net sellers (238,912 shares sold, including 130,000 by Gregory Shepard) even as several institutional investors materially increased positions, with institutions owning about 34.6% of the stock.

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $17.08 and last traded at $16.6910, with a volume of 4659566 shares. The stock had previously closed at $16.31.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AESI shares. Stifel Nicolaus set a $13.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday, February 24th. The Goldman Sachs Group lifted their price objective on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Wednesday, March 4th. Stephens set a $16.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday, January 27th. Piper Sandler lifted their price objective on shares of Atlas Energy Solutions from $10.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 15th. Finally, Barclays lifted their price objective 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. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $13.43.

Atlas Energy Solutions Stock Up 2.3%

The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -41.73 and a beta of 0.62. The business's 50-day moving average is $12.53 and its 200-day moving average is $11.12. The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total value of $1,557,400.00. Following the completion of the transaction, the insider directly owned 7,421,210 shares of the company's stock, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Chris Scholla sold 8,912 shares of the business's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.79, for a total value of $105,072.48. Following the completion of the transaction, the insider directly owned 567,972 shares of the company's stock, valued at $6,696,389.88. The trade was a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 238,912 shares of company stock valued at $2,837,472 over the last three months. 16.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. AlphaQuest LLC raised its position in shares of Atlas Energy Solutions by 520.9% in the third quarter. AlphaQuest LLC now owns 151,979 shares of the company's stock worth $1,728,000 after acquiring an additional 127,502 shares during the period. Villere ST Denis J & Co. LLC raised its stake in shares of Atlas Energy Solutions by 10.5% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 2,219,928 shares of the company's stock worth $25,241,000 after buying an additional 211,203 shares during the period. Cooke & Bieler LP raised its stake in shares of Atlas Energy Solutions by 29.0% during the 3rd quarter. Cooke & Bieler LP now owns 4,153,554 shares of the company's stock worth $47,226,000 after buying an additional 934,114 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Atlas Energy Solutions by 169.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 236,395 shares of the company's stock worth $2,688,000 after buying an additional 148,709 shares during the period. Finally, Kettle Hill Capital Management LLC raised its stake in shares of Atlas Energy Solutions by 61.4% during the 3rd quarter. Kettle Hill Capital Management LLC now owns 660,843 shares of the company's stock worth $7,514,000 after buying an additional 251,474 shares during the period. Institutional investors and hedge funds own 34.59% of the company's stock.

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.

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