Atlas Energy Solutions Inc. (NYSE:AESI) Given Average Recommendation of “Moderate Buy” by Brokerages

Atlas Energy Solutions Inc. (NYSE:AESI) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $24.44.

A number of analysts have recently issued reports on the stock. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Citigroup downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Benchmark reissued a “buy” rating and set a $27.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Finally, The Goldman Sachs Group downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $21.00 in a research note on Thursday, November 7th.

Atlas Energy Solutions Trading Down 0.6 %

NYSE AESI opened at $23.42 on Friday. The firm’s 50 day moving average price is $21.21 and its two-hundred day moving average price is $21.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. Atlas Energy Solutions has a twelve month low of $15.55 and a twelve month high of $24.93. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 13.12 and a beta of 0.69.

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

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.10%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 121.52%.

Insider Buying and Selling

In other news, major shareholder Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.02, for a total value of $720,600.00. Following the transaction, the insider now directly owns 432,010 shares in the company, valued at approximately $10,376,880.20. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $21.49, for a total value of $184,190.79. Following the sale, the insider now owns 934,746 shares of the company’s stock, valued at approximately $20,087,691.54. The trade was a 0.91 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 60,869 shares of company stock worth $1,187,983 and sold 115,713 shares worth $2,517,431. Corporate insiders own 24.34% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Atlas Energy Solutions in the third quarter valued at about $298,000. Ashford Capital Management Inc. raised its holdings in Atlas Energy Solutions by 27.9% in the 3rd quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company’s stock valued at $12,775,000 after acquiring an additional 127,910 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Atlas Energy Solutions by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company’s stock worth $31,579,000 after acquiring an additional 54,321 shares during the period. First Sabrepoint Capital Management LP acquired a new stake in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $8,066,000. Finally, Barclays PLC increased its position in shares of Atlas Energy Solutions by 574.5% during the third quarter. Barclays PLC now owns 175,082 shares of the company’s stock valued at $3,817,000 after purchasing an additional 149,126 shares during the period. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.