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

Atlas Energy Solutions (NYSE:AESI) is projected to release its earnings data 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Atlas Energy Solutions Trading Down 5.5 %

Shares of Atlas Energy Solutions stock opened at $20.61 on Friday. Atlas Energy Solutions has a 52-week low of $17.49 and a 52-week high of $26.86. The stock’s 50-day simple moving average is $22.56 and its 200 day simple moving average is $21.65. The stock has a market capitalization of $2.27 billion, a P/E ratio of 26.08 and a beta of 1.03. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.25 dividend. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Friday, February 21st. Atlas Energy Solutions’s payout ratio is currently 126.58%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AESI. Royal Bank of Canada upped their price target on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Citigroup downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Stephens increased their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Finally, Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $22.55, for a total transaction of $193,276.05. Following the transaction, the insider now directly owns 917,604 shares in the company, valued at $20,691,970.20. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Brian Anthony Leveille sold 30,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $24.02, for a total transaction of $720,600.00. Following the transaction, the insider now owns 432,010 shares in the company, valued at $10,376,880.20. The trade was a 6.49 % 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 over the last ninety days. Insiders own 24.34% of the company’s stock.

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.