Gregory M. Shepard Buys 40,872 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Gregory M. Shepard purchased 40,872 shares of Atlas Energy Solutions stock in a transaction on Wednesday, June 26th. The stock was acquired at an average cost of $19.64 per share, for a total transaction of $802,726.08. Following the acquisition, the insider now directly owns 7,445,069 shares of the company’s stock, valued at $146,221,155.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock opened at $19.93 on Friday. Atlas Energy Solutions Inc. has a 1 year low of $15.55 and a 1 year 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 firm has a 50 day moving average price of $22.10 and a 200 day moving average price of $20.15. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 2.85 and a beta of 0.73.

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

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.42%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is 35.56%.

Institutional Trading of Atlas Energy Solutions

A number of institutional investors have recently modified their holdings of AESI. Barclays PLC lifted its position in Atlas Energy Solutions by 79.4% during the third quarter. Barclays PLC now owns 5,996 shares of the company’s stock valued at $134,000 after buying an additional 2,654 shares in the last quarter. Swiss National Bank acquired a new position in shares of Atlas Energy Solutions during the 3rd quarter valued at $838,000. DekaBank Deutsche Girozentrale purchased a new stake in Atlas Energy Solutions during the 3rd quarter worth $81,000. PNC Financial Services Group Inc. boosted its position in Atlas Energy Solutions by 1,328.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,571 shares of the company’s stock worth $124,000 after purchasing an additional 5,181 shares during the period. Finally, First Dallas Securities Inc. acquired a new stake in Atlas Energy Solutions in the 3rd quarter valued at $883,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group upped their target price 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. Barclays lifted their price objective on Atlas Energy Solutions from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Raymond James upped their target price on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 16th. Benchmark assumed coverage on shares of Atlas Energy Solutions in a report on Thursday, May 23rd. They set a “buy” rating and a $27.00 price target for the company. Finally, Tudor, Pickering, Holt & Co. started coverage on shares of Atlas Energy Solutions in a research note on Monday, June 24th. They set a “buy” rating on the stock. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target 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.