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

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. Six investment 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 12-month target price among analysts that have covered the stock in the last year is $24.50.

Several brokerages have recently weighed in on AESI. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Pickering Energy Partners lowered Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Raymond James downgraded Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Citigroup downgraded 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.

Atlas Energy Solutions Price Performance

AESI stock opened at $23.98 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The firm has a market capitalization of $2.64 billion, a P/E ratio of 30.35, a P/E/G ratio of 6.98 and a beta of 1.03. The business’s 50-day moving average is $22.74 and its two-hundred day moving average is $21.41. Atlas Energy Solutions has a 1 year low of $16.42 and a 1 year high of $25.38.

Atlas Energy Solutions (NYSE:AESI) last issued its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $307.93 million. During the same period last year, the business posted $0.51 EPS. Atlas Energy Solutions’s revenue was up 93.1% on a year-over-year basis. Analysts anticipate that Atlas Energy Solutions will post 0.84 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a $0.24 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, November 7th. Atlas Energy Solutions’s dividend payout ratio (DPR) is 121.52%.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 13,363 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average cost of $19.19 per share, for a total transaction of $256,435.97. Following the completion of the purchase, the insider now directly owns 7,619,055 shares in the company, valued at $146,209,665.45. This represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.17, for a total value of $115,850.00. Following the completion of the sale, the insider now owns 409,510 shares in the company, valued at approximately $9,488,346.70. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,142 shares of company stock worth $3,204,121. 24.34% of the stock is currently owned by insiders.

Institutional Trading of Atlas Energy Solutions

Institutional investors have recently modified their holdings of the business. Stifel Financial Corp boosted its stake in shares of Atlas Energy Solutions by 28.6% in the third quarter. Stifel Financial Corp now owns 126,667 shares of the company’s stock valued at $2,761,000 after buying an additional 28,158 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Atlas Energy Solutions by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock valued at $11,305,000 after buying an additional 25,999 shares in the last quarter. Ashford Capital Management Inc. boosted its stake in shares of Atlas Energy Solutions by 27.9% in the third quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company’s stock valued at $12,775,000 after buying an additional 127,910 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Atlas Energy Solutions in the third quarter valued at approximately $844,000. Finally, State Street Corp raised its holdings in Atlas Energy Solutions by 15.0% during the third quarter. State Street Corp now owns 1,751,059 shares of the company’s stock worth $38,173,000 after purchasing an additional 227,776 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

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.