Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $181,019.52 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $21.12, for a total value of $181,019.52. Following the completion of the sale, the insider now directly owns 926,175 shares in the company, valued at approximately $19,560,816. The trade was a 0.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Stacy Hock also recently made the following trade(s):

• On Thursday, October 3rd, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.49, for a total value of $184,190.79.
• On Wednesday, September 11th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $19.44, for a total value of $166,620.24.
• On Monday, August 19th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.22, for a total value of $173,305.62.

Atlas Energy Solutions Trading Down 1.5 %

AESI opened at $19.95 on Monday. The stock has a market cap of $2.20 billion, a PE ratio of 25.25, a PEG ratio of 11.03 and a beta of 0.69. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $20.94 and a 200-day moving average of $21.06. Atlas Energy Solutions Inc. has a 52 week low of $15.55 and a 52 week high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last released its earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). The firm had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company’s revenue for the quarter was up 93.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. Equities research analysts predict that Atlas Energy Solutions Inc. will post 0.8 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a dividend of $0.24 per share. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a yield of 4.81%. Atlas Energy Solutions’s payout ratio is presently 121.52%.

Analysts Set New Price Targets

AESI has been the topic of several recent research reports. Pickering Energy Partners lowered Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $21.00 in a research report on Thursday, November 7th. Benchmark restated a “buy” rating and set a $27.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Barclays cut Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $23.00 to $19.00 in a report on Tuesday, November 12th. Finally, Stephens reiterated an “overweight” rating and issued a $28.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Atlas Energy Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $24.44.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in Atlas Energy Solutions by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company’s stock valued at $31,579,000 after buying an additional 54,321 shares during the last quarter. First Sabrepoint Capital Management LP bought a new stake in shares of Atlas Energy Solutions in the 3rd quarter worth $8,066,000. Barclays PLC increased its holdings in shares of Atlas Energy Solutions by 574.5% in the 3rd quarter. Barclays PLC now owns 175,082 shares of the company’s stock worth $3,817,000 after purchasing an additional 149,126 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Atlas Energy Solutions in the 3rd quarter worth $785,000. Finally, Wellington Management Group LLP bought a new stake in shares of Atlas Energy Solutions in the 3rd quarter worth $17,314,000. 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.