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

Atlas Energy Solutions (NYSE:AESI) issued its earnings results on Monday. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12), Briefing.com reports. The company had revenue of $192.67 million during the quarter, compared to analyst estimates of $196.39 million. Atlas Energy Solutions had a return on equity of 47.40% and a net margin of 17.17%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $22.57 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.21 and a current ratio of 3.44. Atlas Energy Solutions has a 52 week low of $15.28 and a 52 week high of $24.69. The company’s 50 day moving average price is $22.04 and its two-hundred day moving average price is $19.07. The company has a market capitalization of $2.26 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 0.54 and a beta of 0.66.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.21. Atlas Energy Solutions’s payout ratio is 40.76%.

Insider Transactions at Atlas Energy Solutions

In other news, EVP Jeffrey L. Allison sold 1,547 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $22.50, for a total value of $34,807.50. Following the sale, the executive vice president now directly owns 132,518 shares in the company, valued at $2,981,655. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Jeffrey L. Allison sold 1,547 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $22.50, for a total value of $34,807.50. Following the sale, the executive vice president now owns 132,518 shares of the company’s stock, valued at $2,981,655. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Dathan C. Voelter sold 2,270 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $22.41, for a total transaction of $50,870.70. Following the transaction, the general counsel now owns 386,601 shares of the company’s stock, valued at approximately $8,663,728.41. The disclosure for this sale can be found here. Insiders sold 246,860 shares of company stock valued at $5,332,121 over the last quarter. Corporate insiders own 24.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AESI has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on shares of Atlas Energy Solutions from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Raymond James boosted their price objective on Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research note on Thursday, March 14th. They issued a “buy” rating and a $24.00 target price for the company. Finally, Barclays lifted their price target on Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $25.17.

About Atlas Energy Solutions

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.