Atlas Energy Solutions (NYSE:AESI) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Atlas Energy Solutions (NYSE:AESI) issued its quarterly earnings data on Monday. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03), Zacks reports. Atlas Energy Solutions had a negative return on equity of 7.42% and a negative net margin of 9.29%.

Atlas Energy Solutions Stock Performance

NYSE:AESI traded up $0.19 during trading hours on Monday, reaching $10.98. 3,956,826 shares of the company’s stock were exchanged, compared to its average volume of 3,615,647. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -13.90 and a beta of 1.01. The company has a 50-day moving average of $15.36 and a 200 day moving average of $14.08. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. Atlas Energy Solutions has a 1-year low of $7.64 and a 1-year high of $20.13.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its position in Atlas Energy Solutions by 3,783.3% during 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 last quarter. Wellington Management Group LLP acquired a new stake in shares of Atlas Energy Solutions in the 4th quarter worth $10,813,000. Balyasny Asset Management L.P. boosted its holdings in shares of Atlas Energy Solutions by 1,128.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,223,333 shares of the company’s stock valued at $11,524,000 after acquiring an additional 1,123,767 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Atlas Energy Solutions by 1,165.5% in the fourth quarter. Jane Street Group LLC now owns 801,164 shares of the company’s stock valued at $7,547,000 after acquiring an additional 737,858 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Atlas Energy Solutions by 431.2% during the second quarter. Ameriprise Financial Inc. now owns 829,348 shares of the company’s stock worth $11,088,000 after acquiring an additional 673,221 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AESI has been the topic of several research analyst reports. Citigroup cut their price target on shares of Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Barclays decreased their price objective on shares of Atlas Energy Solutions from $16.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, July 16th. The Goldman Sachs Group lifted their target price on Atlas Energy Solutions from $9.00 to $14.00 and gave the stock a “sell” rating in a research report on Wednesday, June 3rd. Weiss Ratings raised Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 5th. Finally, Stifel Nicolaus set a $28.00 target price on Atlas Energy Solutions in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.62.

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.