Atlas Energy Solutions (AESI) to Release Earnings on Monday

Atlas Energy Solutions (NYSE:AESI - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $272.94 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock traded down $0.01 during midday trading on Thursday, hitting $21.85. 1,277,323 shares of the company's stock were exchanged, compared to its average volume of 1,580,555. The company has a market cap of $2.41 billion, a P/E ratio of 27.66 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. The stock has a 50-day moving average price of $22.62 and a two-hundred day moving average price of $21.64. Atlas Energy Solutions has a 52-week low of $17.49 and a 52-week high of $26.86.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.25 per share. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 4.58%. Atlas Energy Solutions's payout ratio is presently 121.52%.

Insider Activity

In related news, major shareholder Stacy Hock sold 10,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the sale, the insider now directly owns 897,604 shares in the company, valued at $20,196,090. This represents a 1.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Brian Anthony Leveille sold 30,000 shares of the stock in a transaction 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 sale, the insider now directly owns 432,010 shares of the company's stock, valued at $10,376,880.20. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,071 shares of company stock valued at $2,493,851. Insiders own 24.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AESI shares. Benchmark raised their target price on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Bank of America reaffirmed a "neutral" rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday, January 13th. The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They issued a "neutral" rating and a $23.00 target price for the company. Royal Bank of Canada lifted their price target on Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, Raymond James cut Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $25.50.

About Atlas Energy Solutions

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.