Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Brian Anthony Leveille sold 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.17, for a total transaction of $115,850.00. Following the transaction, the insider now directly owns 409,510 shares in the company, valued at approximately $9,488,346.70. This represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Brian Anthony Leveille also recently made the following trade(s):
- On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.95, for a total value of $299,375.00.
- On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $24.02, for a total value of $720,600.00.
- On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.50, for a total transaction of $215,000.00.
- On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.70, for a total transaction of $207,000.00.
- On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.39, for a total value of $427,800.00.
- On Tuesday, October 29th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.02, for a total value of $210,200.00.
- On Monday, October 14th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.50, for a total value of $205,000.00.
Atlas Energy Solutions Stock Performance
Shares of AESI stock traded down $0.52 on Tuesday, hitting $22.49. 849,753 shares of the stock traded hands, compared to its average volume of 963,192. The company's fifty day moving average is $21.43 and its 200 day moving average is $20.99. Atlas Energy Solutions Inc. has a 1-year low of $15.55 and a 1-year high of $24.93. The company has a market capitalization of $2.48 billion, a PE ratio of 28.48, a PEG ratio of 11.53 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08.
Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $307.93 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. The company's quarterly revenue was up 93.1% compared to the same quarter last year. On average, equities research analysts predict that Atlas Energy Solutions Inc. will post 0.88 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. Stockholders of record on Thursday, November 7th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 4.27%. Atlas Energy Solutions's dividend payout ratio is 121.52%.
Institutional Trading of Atlas Energy Solutions
Hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Atlas Energy Solutions by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company's stock worth $979,000 after purchasing an additional 711 shares during the last quarter. Beck Capital Management LLC grew its holdings in Atlas Energy Solutions by 0.6% in the 2nd quarter. Beck Capital Management LLC now owns 130,588 shares of the company's stock worth $2,603,000 after buying an additional 749 shares in the last quarter. CWM LLC increased its position in Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company's stock valued at $60,000 after acquiring an additional 886 shares during the period. Cetera Investment Advisers raised its stake in Atlas Energy Solutions by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 88,654 shares of the company's stock valued at $1,767,000 after acquiring an additional 897 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Atlas Energy Solutions by 313.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company's stock worth $34,000 after acquiring an additional 1,308 shares during the period. Institutional investors own 34.59% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $25.00 price objective on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Citigroup lowered shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Barclays downgraded Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $23.00 to $19.00 in a research note on Tuesday, November 12th. Pickering Energy Partners downgraded Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group began coverage on Atlas Energy Solutions in a report on Friday. They set a "neutral" rating and a $23.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.67.
View Our Latest Report on AESI
About Atlas Energy Solutions
(
Get Free Report)
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.
Further Reading
Before you consider Atlas Energy Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlas Energy Solutions wasn't on the list.
While Atlas Energy Solutions currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
