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

Atlas Energy Solutions Inc. (NYSE:AESI) has received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $24.50.

Several equities research analysts recently weighed in on AESI shares. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $23.00 to $19.00 in a research report on Tuesday, November 12th. Finally, Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $22.00 in a research report on Thursday, November 14th.

Insider Transactions at Atlas Energy Solutions

In other news, major shareholder Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.17, for a total transaction of $115,850.00. Following the sale, the insider now directly owns 409,510 shares in the company, valued at approximately $9,488,346.70. The trade was a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Gregory M. Shepard purchased 8,062 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was acquired at an average cost of $19.84 per share, with a total value of $159,950.08. Following the transaction, the insider now directly owns 7,515,256 shares of the company’s stock, valued at approximately $149,102,679.04. This represents a 0.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 59,072 shares of company stock valued at $1,152,672 and have sold 137,142 shares valued at $3,084,721. 24.34% of the stock is owned by insiders.

Institutional Trading of Atlas Energy Solutions

Several institutional investors have recently bought and sold shares of the stock. Quest Partners LLC bought a new position in shares of Atlas Energy Solutions during the third quarter valued at $48,000. Amalgamated Bank increased its holdings in Atlas Energy Solutions by 328.1% during the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after purchasing an additional 1,801 shares in the last quarter. FMR LLC raised its holdings in shares of Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after buying an additional 1,355 shares during the last quarter. CWM LLC increased its position in Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after acquiring an additional 886 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Atlas Energy Solutions by 54.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,297 shares of the company’s stock worth $107,000 after acquiring an additional 1,860 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Performance

AESI stock opened at $24.20 on Friday. The firm has a 50 day moving average of $22.44 and a two-hundred day moving average of $21.27. Atlas Energy Solutions has a 12 month low of $16.15 and a 12 month high of $25.38. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 5.55 and a beta of 1.03. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 93.1% on a year-over-year basis. As a group, equities analysts anticipate that Atlas Energy Solutions will post 0.87 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.97%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 121.52%.

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.