Stifel Nicolaus Cuts Atlas Energy Solutions (NYSE:AESI) Price Target to $14.50

Atlas Energy Solutions (NYSE:AESI) had its price target trimmed by Stifel Nicolaus from $15.00 to $14.50 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Piper Sandler reiterated a “neutral” rating and set a $16.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday. The Goldman Sachs Group decreased their target price on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Citigroup decreased their target price on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada decreased their target price on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.11.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI opened at $13.43 on Wednesday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 43.32 and a beta of 1.20. Atlas Energy Solutions has a 12 month low of $11.76 and a 12 month high of $26.86. The firm’s 50-day moving average is $13.52 and its 200 day moving average is $16.88. The company has a current ratio of 1.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.38.

Atlas Energy Solutions (NYSE:AESI) last issued its earnings results on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). The company had revenue of $297.59 million during the quarter, compared to the consensus estimate of $291.13 million. Atlas Energy Solutions had a return on equity of 4.99% and a net margin of 2.96%. Atlas Energy Solutions’s revenue was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. Research analysts predict that Atlas Energy Solutions will post 0.83 EPS for the current year.

Atlas Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 7.45%. Atlas Energy Solutions’s dividend payout ratio is presently 322.58%.

Insider Buying and Selling at Atlas Energy Solutions

In other news, Chairman Ben M. Brigham purchased 9,635 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average price of $13.38 per share, for a total transaction of $128,916.30. Following the completion of the transaction, the chairman owned 572,397 shares in the company, valued at $7,658,671.86. This represents a 1.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Douglas G. Rogers bought 7,000 shares of the company’s stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $13.27 per share, for a total transaction of $92,890.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $132,700. This trade represents a 233.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.98% of the stock is currently owned by company insiders.

Institutional Trading of Atlas Energy Solutions

Several institutional investors have recently modified their holdings of AESI. Quarry LP purchased a new position in Atlas Energy Solutions during the fourth quarter worth about $27,000. Tower Research Capital LLC TRC raised its stake in Atlas Energy Solutions by 307.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock worth $31,000 after purchasing an additional 1,047 shares during the period. Fifth Third Bancorp raised its stake in Atlas Energy Solutions by 1,240.1% during the first quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $35,000 after purchasing an additional 1,823 shares during the period. Larson Financial Group LLC raised its stake in Atlas Energy Solutions by 201.8% during the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock worth $35,000 after purchasing an additional 1,316 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in Atlas Energy Solutions during the first quarter worth about $55,000. Institutional investors and hedge funds own 34.59% 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.