Gregory M. Shepard Acquires 30,013 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Gregory M. Shepard purchased 30,013 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was bought at an average price of $19.60 per share, with a total value of $588,254.80. Following the completion of the purchase, the insider now owns 7,499,949 shares of the company’s stock, valued at approximately $146,999,000.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlas Energy Solutions Trading Up 4.1 %

NYSE AESI traded up $0.79 during trading hours on Wednesday, reaching $20.21. The company’s stock had a trading volume of 543,588 shares, compared to its average volume of 942,983. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.24 and a quick ratio of 2.05. Atlas Energy Solutions Inc. has a 52 week low of $15.55 and a 52 week high of $24.93. The firm has a fifty day simple moving average of $21.99 and a 200-day simple moving average of $20.23. The stock has a market cap of $2.02 billion, a P/E ratio of 10.79, a P/E/G ratio of 2.89 and a beta of 0.59.

Atlas Energy Solutions (NYSE:AESI) last announced its earnings results on Monday, May 6th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.12). Atlas Energy Solutions had a return on equity of 29.56% and a net margin of 19.98%. The company had revenue of $192.67 million for the quarter, compared to analyst estimates of $196.39 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. Equities analysts forecast that Atlas Energy Solutions Inc. will post 2.02 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were given a $0.22 dividend. The ex-dividend date was Wednesday, May 15th. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 4.35%. Atlas Energy Solutions’s dividend payout ratio (DPR) is 35.56%.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Atlas Energy Solutions by 0.7% in 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. Janus Henderson Group PLC lifted its stake in shares of Atlas Energy Solutions by 26.9% in the first quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock valued at $57,392,000 after buying an additional 537,927 shares in the last quarter. Whitebox Advisors LLC acquired a new stake in shares of Atlas Energy Solutions in the 1st quarter worth about $49,712,000. Clearbridge Investments LLC lifted its holdings in shares of Atlas Energy Solutions by 38.2% in the first quarter. Clearbridge Investments LLC now owns 2,305,271 shares of the company’s stock valued at $52,145,000 after purchasing an additional 636,785 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC lifted its stake in Atlas Energy Solutions by 0.7% during the 1st quarter. Villere ST Denis J & Co. LLC now owns 1,825,839 shares of the company’s stock valued at $41,300,000 after acquiring an additional 12,300 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on AESI shares. Benchmark began coverage on Atlas Energy Solutions in a research report on Thursday, May 23rd. They issued a “buy” rating and a $27.00 price target on the stock. Barclays increased their price target on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Tudor, Pickering, Holt & Co. initiated coverage on shares of Atlas Energy Solutions in a research report on Monday, June 24th. They set a “buy” rating for the company. Tudor Pickering upgraded Atlas Energy Solutions to a “strong-buy” rating in a research note on Monday, June 24th. Finally, The Goldman Sachs Group lifted their price target on Atlas Energy Solutions from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $26.00.

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.