Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Stacy Hock sold 8,571 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $21.12, for a total transaction of $181,019.52. Following the sale, the insider now owns 926,175 shares of the company's stock, valued at $19,560,816. This trade represents a 0.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Stacy Hock also recently made the following trade(s):
- On Thursday, October 3rd, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.49, for a total transaction of $184,190.79.
- On Wednesday, September 11th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $19.44, for a total transaction of $166,620.24.
- On Monday, August 19th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.22, for a total transaction of $173,305.62.
Atlas Energy Solutions Trading Down 1.5 %
NYSE:AESI traded down $0.30 during trading hours on Friday, reaching $19.95. The company's stock had a trading volume of 729,550 shares, compared to its average volume of 894,112. The firm has a 50-day simple moving average of $20.94 and a 200-day simple moving average of $21.06. 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 Inc. has a 1 year low of $15.55 and a 1 year high of $24.93. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 11.68 and a beta of 0.69.
Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. During the same period last year, the firm posted $0.51 EPS. The company's revenue was up 93.1% on a year-over-year basis. Research analysts expect that Atlas Energy Solutions Inc. will post 0.8 EPS for the current fiscal year.
Atlas Energy Solutions Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.81%. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions's payout ratio is presently 121.52%.
Institutional Investors Weigh In On Atlas Energy Solutions
Large investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake in shares of Atlas Energy Solutions by 313.7% during the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company's stock valued at $34,000 after buying an additional 1,308 shares during the period. Amalgamated Bank boosted its holdings in Atlas Energy Solutions by 328.1% in the second quarter. Amalgamated Bank now owns 2,350 shares of the company's stock valued at $47,000 after acquiring an additional 1,801 shares in the last quarter. Quest Partners LLC purchased a new position in Atlas Energy Solutions during the 3rd quarter valued at $48,000. FMR LLC raised its holdings in Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company's stock worth $59,000 after purchasing an additional 1,355 shares in the last quarter. Finally, CWM LLC raised its holdings in Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company's stock worth $60,000 after purchasing an additional 886 shares in the last quarter. Institutional investors own 34.59% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently issued reports on AESI. Barclays lowered Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $23.00 to $19.00 in a research note on Tuesday. Benchmark reissued a "buy" rating and issued a $27.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Stephens restated an "overweight" rating and issued a $28.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Citigroup lowered shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $23.00 to $22.00 in a report on Thursday. Finally, The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and cut their price target for the company from $23.00 to $21.00 in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.44.
Check Out Our Latest Analysis on Atlas Energy Solutions
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.
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