Atlas Energy Solutions Inc. (NYSE:AESI) Receives Average Recommendation of “Moderate Buy” from Analysts

Atlas Energy Solutions Inc. (NYSE:AESI) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $23.83.

A number of research analysts have commented on AESI shares. Stephens increased their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Bank of America reiterated a “neutral” rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Royal Bank of Canada decreased their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Piper Sandler started coverage on Atlas Energy Solutions in a research report on Wednesday. They issued an “overweight” rating and a $22.00 price objective on the stock. Finally, Raymond James lowered Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Brian Anthony Leveille sold 5,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.17, for a total transaction of $115,850.00. Following the sale, the insider now owns 409,510 shares of the company’s stock, valued at approximately $9,488,346.70. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $19.04 per share, for a total transaction of $612,231.20. Following the purchase, the insider now directly owns 7,651,210 shares in the company, valued at $145,679,038.40. This trade represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 63,571 shares of company stock worth $1,473,876 in the last three months. Insiders own 24.34% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp raised its stake in shares of Atlas Energy Solutions by 28.6% in the 3rd quarter. Stifel Financial Corp now owns 126,667 shares of the company’s stock valued at $2,761,000 after purchasing an additional 28,158 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at about $650,000. Hodges Capital Management Inc. raised its stake in shares of Atlas Energy Solutions by 44.7% in the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company’s stock valued at $4,302,000 after purchasing an additional 59,940 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Atlas Energy Solutions by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock valued at $11,305,000 after purchasing an additional 25,999 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at about $495,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Trading Up 2.7 %

AESI stock opened at $17.72 on Friday. The business has a fifty day moving average price of $21.39 and a 200 day moving average price of $21.48. Atlas Energy Solutions has a fifty-two week low of $16.98 and a fifty-two week high of $26.86. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 22.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $271.34 million for the quarter, compared to analyst estimates of $272.94 million. Analysts expect that Atlas Energy Solutions will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.25 dividend. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend was Friday, February 21st. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 178.57%.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.