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

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have received an average rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $23.83.

Several equities research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Benchmark lowered their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Bank of America restated a “neutral” rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Piper Sandler initiated coverage on Atlas Energy Solutions in a research report on Wednesday, March 12th. They set an “overweight” rating and a $22.00 target price on the stock. Finally, Stephens boosted their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th.

Atlas Energy Solutions Trading Up 1.9 %

Shares of NYSE:AESI opened at $18.45 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions has a 12-month low of $16.98 and a 12-month high of $26.86. The business has a 50 day moving average of $20.13 and a two-hundred day moving average of $21.27. The company has a market capitalization of $2.25 billion, a PE ratio of 23.35 and a beta of 1.18.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $271.34 million for the quarter, compared to analysts’ expectations of $272.94 million. As a group, analysts forecast that Atlas Energy Solutions will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s payout ratio is 178.57%.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $21.96, for a total transaction of $219,600.00. Following the transaction, the insider now owns 907,604 shares of the company’s stock, valued at approximately $19,930,983.84. The trade was a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Gregory M. Shepard bought 32,155 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $19.04 per share, with a total value of $612,231.20. Following the completion of the acquisition, the insider now owns 7,651,210 shares in the company, valued at $145,679,038.40. This represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 45,000 shares of company stock valued at $1,049,750 over the last 90 days. 24.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AESI. Quarry LP purchased a new stake in shares of Atlas Energy Solutions during the 4th quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC increased its stake in Atlas Energy Solutions by 62.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after acquiring an additional 523 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock valued at $31,000 after purchasing an additional 1,047 shares during the period. Global Retirement Partners LLC raised its position in Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock valued at $43,000 after purchasing an additional 1,276 shares during the period. Finally, Promus Capital LLC acquired a new position in shares of Atlas Energy Solutions in the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.