Atlas Energy Solutions (NYSE:AESI) Posts Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Atlas Energy Solutions (NYSE:AESI) issued its quarterly earnings results on Monday. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12), Zacks reports. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%.

Atlas Energy Solutions Trading Up 0.0 %

Shares of Atlas Energy Solutions stock opened at $20.64 on Tuesday. The business has a fifty day simple moving average of $22.51 and a two-hundred day simple moving average of $21.69. Atlas Energy Solutions has a 1 year low of $17.49 and a 1 year high of $26.86. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 26.12 and a beta of 1.03. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.25 per share. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 4.85%. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 126.58%.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total value of $193,276.05. Following the sale, the insider now directly owns 917,604 shares of the company’s stock, valued at $20,691,970.20. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,071 shares of company stock valued at $1,773,251 in the last quarter. 24.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AESI shares. Royal Bank of Canada raised their price target on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on Atlas Energy Solutions in a report on Friday, December 13th. They issued a “neutral” rating and a $23.00 price objective for the company. Benchmark increased their price objective on Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Bank of America reissued a “neutral” rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.50.

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.