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

by · The Markets Daily

Atlas Energy Solutions (NYSE:AESI – Get Free Report) posted its earnings results on Monday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates 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 Price Performance

Shares of AESI traded up $0.19 during trading hours on Monday, reaching $10.98. 3,956,907 shares of the company traded hands, compared to its average volume of 3,615,696. The stock has a market capitalization of $1.37 billion, a PE ratio of -13.90 and a beta of 1.01. The stock has a fifty day simple moving average of $15.36 and a 200 day simple moving average of $14.08. Atlas Energy Solutions has a fifty-two week low of $7.64 and a fifty-two week high of $20.13. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 0.51.

Analyst Ratings Changes

Several research analysts have recently issued reports on AESI shares. Raymond James Financial raised Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research note on Tuesday, June 2nd. Piper Sandler raised their target price on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Stifel Nicolaus set a $28.00 price target on shares of Atlas Energy Solutions in a report on Friday, May 1st. Barclays lowered their price target on shares of Atlas Energy Solutions from $16.00 to $14.00 and set an “underweight” rating on the stock in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada raised their price objective on shares of Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.62.

Read Our Latest Analysis on AESI

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Atlas Energy Solutions by 26.0% in the first quarter. Royal Bank of Canada now owns 249,793 shares of the company’s stock valued at $4,456,000 after buying an additional 51,477 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Atlas Energy Solutions by 14.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,209 shares of the company’s stock worth $789,000 after acquiring an additional 5,579 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Atlas Energy Solutions by 18.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,409,054 shares of the company’s stock worth $25,138,000 after acquiring an additional 219,834 shares during the last quarter. Schnieders Capital Management LLC. purchased a new stake in Atlas Energy Solutions in the 2nd quarter worth approximately $134,000. Finally, Russell Investments Group Ltd. grew its stake in Atlas Energy Solutions by 6.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 108,001 shares of the company’s stock worth $1,444,000 after acquiring an additional 6,869 shares during the period. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Company Profile

(Get Free Report)

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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