Atlas Energy Solutions Inc. (NYSE:AESI) Given Average Rating of “Buy” by Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have received an average rating of “Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.25.

Several equities analysts recently issued reports on AESI shares. The Goldman Sachs Group boosted their price target on Atlas Energy Solutions from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Tudor Pickering upgraded Atlas Energy Solutions to a “strong-buy” rating in a research report on Monday, June 24th. Tudor, Pickering, Holt & Co. started coverage on Atlas Energy Solutions in a research report on Monday, June 24th. They issued a “buy” rating on the stock. Piper Sandler dropped their price target on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Finally, Raymond James boosted their target price on Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 16th.

Insider Buying and Selling

In related news, major shareholder Stacy Hock sold 8,574 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $19.76, for a total value of $169,422.24. Following the sale, the insider now owns 969,030 shares in the company, valued at approximately $19,148,032.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Chad M. Mcever sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $24.55, for a total value of $2,455,000.00. Following the sale, the insider now owns 451,755 shares in the company, valued at approximately $11,090,585.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Stacy Hock sold 8,574 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $19.76, for a total value of $169,422.24. Following the completion of the sale, the insider now owns 969,030 shares in the company, valued at approximately $19,148,032.80. The disclosure for this sale can be found here. In the last quarter, insiders have bought 134,526 shares of company stock worth $2,611,884 and have sold 214,243 shares worth $5,029,887. Insiders own 24.34% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jump Financial LLC purchased a new stake in Atlas Energy Solutions in the 4th quarter valued at approximately $1,163,000. Charles Schwab Investment Management Inc. lifted its stake in Atlas Energy Solutions by 154.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 336,324 shares of the company’s stock valued at $5,791,000 after buying an additional 204,176 shares in the last quarter. Palogic Value Management L.P. purchased a new stake in Atlas Energy Solutions in the 4th quarter valued at approximately $1,464,000. Venturi Wealth Management LLC purchased a new stake in Atlas Energy Solutions in the 4th quarter valued at approximately $27,963,000. Finally, Sei Investments Co. lifted its stake in Atlas Energy Solutions by 119.0% in the 1st quarter. Sei Investments Co. now owns 88,106 shares of the company’s stock valued at $1,993,000 after buying an additional 47,882 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Down 7.7 %

Atlas Energy Solutions stock opened at $18.93 on Friday. Atlas Energy Solutions has a fifty-two week low of $15.55 and a fifty-two week high of $24.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.05 and a current ratio of 2.24. The company has a market capitalization of $1.89 billion, a P/E ratio of 10.52, a PEG ratio of 5.05 and a beta of 0.56. The stock has a 50-day simple moving average of $20.98 and a 200-day simple moving average of $20.77.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, May 6th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.12). Atlas Energy Solutions had a net margin of 19.98% and a return on equity of 29.56%. The firm had revenue of $192.67 million during the quarter, compared to analysts’ expectations of $196.39 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities research analysts expect that Atlas Energy Solutions will post 1.86 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were issued a $0.22 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.65%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.21. Atlas Energy Solutions’s dividend payout ratio is currently 35.56%.

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.