Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Atlas Energy Solutions Inc. (NYSE:AESI) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $24.39.

A number of equities research analysts have recently weighed in on AESI shares. Royal Bank of Canada cut their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Benchmark cut their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Bank of America reissued a “neutral” rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Stephens boosted their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th.

Insider Buying and Selling

In other news, major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $21.96, for a total transaction of $219,600.00. Following the transaction, the insider now directly owns 907,604 shares of the company’s stock, valued at $19,930,983.84. This represents a 1.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $19.04 per share, with a total value of $612,231.20. Following the transaction, the insider now owns 7,651,210 shares of the company’s stock, valued at $145,679,038.40. The trade was a 0.42 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 63,571 shares of company stock worth $1,473,876. 24.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AESI. Principal Financial Group Inc. bought a new position in shares of Atlas Energy Solutions in the 3rd quarter worth approximately $844,000. Quest Partners LLC purchased a new position in shares of Atlas Energy Solutions during the 3rd quarter worth $48,000. Intech Investment Management LLC bought a new stake in shares of Atlas Energy Solutions during the 3rd quarter valued at $323,000. Charles Schwab Investment Management Inc. increased its stake in shares of Atlas Energy Solutions by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock worth $11,305,000 after purchasing an additional 25,999 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after purchasing an additional 1,355 shares in the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

Atlas Energy Solutions Stock Up 2.5 %

Shares of Atlas Energy Solutions stock opened at $17.70 on Friday. 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 52-week low of $16.98 and a 52-week high of $26.86. The company’s 50 day moving average price is $21.89 and its 200-day moving average price is $21.59. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 22.40 and a beta of 1.18.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). The firm had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Equities research analysts forecast that Atlas Energy Solutions will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 5.65%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s payout ratio is currently 178.57%.

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.