Analysts Set Atlas Energy Solutions Inc. (NYSE:AESI) PT at $23.83

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $23.83.

A number of research analysts have recently commented on the company. Piper Sandler started coverage on Atlas Energy Solutions in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $22.00 target price for the company. Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, April 2nd. Benchmark decreased their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Stephens boosted their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.50, for a total value of $225,000.00. Following the completion of the transaction, the insider now owns 897,604 shares of the company's stock, valued at approximately $20,196,090. The trade was a 1.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 7,500 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $24.00, for a total transaction of $180,000.00. Following the sale, the insider now directly owns 397,010 shares in the company, valued at approximately $9,528,240. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $1,049,750 over the last 90 days. Corporate insiders own 24.34% of the company's stock.

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Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new stake in Atlas Energy Solutions in the 4th quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of Atlas Energy Solutions by 62.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock worth $30,000 after buying an additional 523 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock worth $31,000 after acquiring an additional 1,047 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after acquiring an additional 1,276 shares during the period. Finally, Promus Capital LLC purchased a new stake in Atlas Energy Solutions during the fourth quarter valued at $55,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Atlas Energy Solutions Trading Up 0.3 %

NYSE AESI traded up $0.05 during trading on Thursday, hitting $13.85. The company had a trading volume of 2,891,246 shares, compared to its average volume of 1,186,233. The company's fifty day moving average is $19.55 and its 200-day moving average is $21.12. Atlas Energy Solutions has a one year low of $12.81 and a one year high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 17.53 and a beta of 1.20.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.12). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. On average, sell-side analysts predict that Atlas Energy Solutions will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.22%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's dividend payout ratio is currently 178.57%.

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.