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

Atlas Energy Solutions Inc. (NYSE:AESI) has received an average rating of “Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $26.25.

Several brokerages have recently commented on AESI. Stephens restated an “overweight” rating and issued a $28.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Royal Bank of Canada decreased their price objective on Atlas Energy Solutions from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Tudor Pickering upgraded shares of Atlas Energy Solutions to a “strong-buy” rating in a report on Monday, June 24th. Bank of America dropped their price objective on Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, July 15th. Finally, Tudor, Pickering, Holt & Co. assumed coverage on shares of Atlas Energy Solutions in a research report on Monday, June 24th. They issued a “buy” rating for the company.

Atlas Energy Solutions Price Performance

AESI opened at $22.29 on Friday. The stock has a market capitalization of $2.23 billion, a P/E ratio of 12.38, a P/E/G ratio of 5.92 and a beta of 0.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 1.53. The company’s 50-day simple moving average is $20.51 and its two-hundred day simple moving average is $21.43. Atlas Energy Solutions has a 52-week low of $15.55 and a 52-week high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.18). Atlas Energy Solutions had a return on equity of 16.75% and a net margin of 13.71%. The business had revenue of $287.52 million for the quarter, compared to analysts’ expectations of $270.55 million. During the same quarter in the prior year, the business earned $0.69 EPS. The company’s revenue was up 77.7% compared to the same quarter last year. As a group, analysts predict that Atlas Energy Solutions will post 1.48 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.92 dividend on an annualized basis and a yield of 4.13%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.22. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 51.11%.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 40,872 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were acquired at an average price of $19.64 per share, for a total transaction of $802,726.08. Following the completion of the purchase, the insider now owns 7,445,069 shares of the company’s stock, valued at $146,221,155.16. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Gregory M. Shepard purchased 40,872 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were acquired at an average price of $19.64 per share, for a total transaction of $802,726.08. Following the purchase, the insider now owns 7,445,069 shares in the company, valued at $146,221,155.16. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Stacy Hock sold 8,574 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $19.76, for a total transaction of $169,422.24. Following the completion of the transaction, the insider now owns 969,030 shares in the company, valued at approximately $19,148,032.80. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 74,133 shares of company stock valued at $1,461,398 and have sold 34,287 shares valued at $679,825. Insiders own 24.34% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Atlas Energy Solutions by 154.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 336,324 shares of the company’s stock valued at $5,791,000 after buying an additional 204,176 shares in the last quarter. Palogic Value Management L.P. acquired a new stake in Atlas Energy Solutions during the fourth quarter worth about $1,464,000. Vanguard Group Inc. raised its position in shares of Atlas Energy Solutions by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock valued at $104,409,000 after buying an additional 33,286 shares during the period. Sei Investments Co. raised its position in Atlas Energy Solutions by 119.0% in the first quarter. Sei Investments Co. now owns 88,106 shares of the company’s stock valued at $1,993,000 after purchasing an additional 47,882 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Atlas Energy Solutions in the 1st quarter valued at about $592,000. 34.59% of the stock is owned by institutional investors and hedge funds.

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.