Atlas Energy Solutions (AESI) Scheduled to Post Quarterly Earnings on Monday

Atlas Energy Solutions (NYSE:AESI) is set to announce its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Atlas Energy Solutions (NYSE:AESI) last released its earnings results on Tuesday, February 27th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). The company had revenue of $141.14 million during the quarter, compared to analysts’ expectations of $147.34 million. Atlas Energy Solutions had a return on equity of 47.40% and a net margin of 17.17%. On average, analysts expect Atlas Energy Solutions to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Atlas Energy Solutions Stock Up 0.1 %

Atlas Energy Solutions stock opened at $21.97 on Friday. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.55 and a beta of 0.66. The company has a current ratio of 3.44, a quick ratio of 3.21 and a debt-to-equity ratio of 0.20. Atlas Energy Solutions has a 12 month low of $15.28 and a 12 month high of $24.69. The stock has a fifty day simple moving average of $21.90 and a two-hundred day simple moving average of $19.05.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were given a $0.21 dividend. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.84 dividend on an annualized basis and a yield of 3.82%. Atlas Energy Solutions’s payout ratio is 40.76%.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 50,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $19.97, for a total transaction of $998,500.00. Following the sale, the insider now directly owns 970,738 shares in the company, valued at approximately $19,385,637.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Kirk Edwards Ginn sold 1,562 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $21.73, for a total transaction of $33,942.26. Following the sale, the insider now owns 479,525 shares in the company, valued at approximately $10,420,078.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Stacy Hock sold 50,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $19.97, for a total value of $998,500.00. Following the completion of the sale, the insider now owns 970,738 shares of the company’s stock, valued at $19,385,637.86. The disclosure for this sale can be found here. Insiders sold 246,860 shares of company stock worth $5,332,121 over the last 90 days. 24.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AESI. Barclays raised their price target on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Raymond James raised their target price on Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group assumed coverage on Atlas Energy Solutions in a research note on Thursday, March 14th. They issued a “buy” rating and a $24.00 price objective for the company. Finally, Royal Bank of Canada increased their target price on shares of Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $25.17.

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.