Atlas Energy Solutions (AESI) Projected to Post Earnings on Monday

Atlas Energy Solutions (NYSE:AESI) will likely be posting its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect Atlas Energy Solutions to post earnings of $0.18 per share and revenue of $272.94 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $20.61 on Friday. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 26.08 and a beta of 1.03. Atlas Energy Solutions has a 52 week low of $17.49 and a 52 week high of $26.86. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $22.56 and a 200-day moving average of $21.65.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a $0.25 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 4.85%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 126.58%.

Insider Transactions at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total transaction of $225,000.00. Following the sale, the insider now directly owns 897,604 shares in the company, valued at $20,196,090. The trade was a 1.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction on Monday, January 27th. The stock was sold at an average price of $24.46, for a total value of $305,750.00. Following the sale, the insider now owns 362,010 shares in the company, valued at $8,854,764.60. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,071 shares of company stock worth $2,493,851 in the last ninety days. Company insiders own 24.34% of the company’s stock.

Analyst Upgrades and Downgrades

AESI has been the subject of several research reports. Pickering Energy Partners downgraded 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 lifted their price target on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Citigroup downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. Barclays lifted their price target on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Stephens raised their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

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.