Atlas Energy Solutions Inc. (NYSE:AESI) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $24.67.

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They set a "neutral" rating and a $23.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Barclays cut Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $23.00 to $19.00 in a research report on Tuesday, November 12th. Citigroup cut shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and reduced their target price for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. Finally, Pickering Energy Partners cut shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research note on Wednesday, October 30th.

Atlas Energy Solutions Stock Performance

Shares of NYSE AESI traded up $0.51 during midday trading on Tuesday, hitting $22.22. 238,289 shares of the company's stock were exchanged, compared to its average volume of 964,649. Atlas Energy Solutions has a 12 month low of $15.55 and a 12 month high of $24.93. The company's 50 day moving average price is $21.54 and its 200 day moving average price is $20.97. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.45 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 11.53 and a beta of 0.96.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.25). The company had revenue of $304.40 million during the quarter, compared to analyst estimates of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Atlas Energy Solutions's revenue for the quarter was up 93.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, analysts predict that Atlas Energy Solutions will post 0.88 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.32%. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions's dividend payout ratio (DPR) is 121.52%.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total transaction of $193,276.05. Following the completion of the transaction, the insider now owns 917,604 shares of the company's stock, valued at approximately $20,691,970.20. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Gregory M. Shepard purchased 1,797 shares of Atlas Energy Solutions stock in a transaction dated Friday, October 18th. The stock was bought at an average price of $19.65 per share, for a total transaction of $35,311.05. Following the completion of the purchase, the insider now owns 7,507,194 shares in the company, valued at $147,516,362.10. This represents a 0.02 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 60,869 shares of company stock worth $1,187,983 and sold 133,213 shares worth $2,959,311. Corporate insiders own 24.34% of the company's stock.

Institutional Trading of Atlas Energy Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Atlas Energy Solutions by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company's stock worth $53,740,000 after purchasing an additional 30,082 shares during the last quarter. Meridian Wealth Advisors LLC grew its holdings in Atlas Energy Solutions by 25.8% during the 2nd quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company's stock worth $53,362,000 after acquiring an additional 548,620 shares during the last quarter. Copeland Capital Management LLC grew its holdings in Atlas Energy Solutions by 19.8% during the 3rd quarter. Copeland Capital Management LLC now owns 1,884,032 shares of the company's stock worth $41,072,000 after acquiring an additional 311,228 shares during the last quarter. State Street Corp increased its position in Atlas Energy Solutions by 15.0% in the 3rd quarter. State Street Corp now owns 1,751,059 shares of the company's stock valued at $38,173,000 after acquiring an additional 227,776 shares during the period. Finally, Cooke & Bieler LP raised its stake in shares of Atlas Energy Solutions by 775.7% during the second quarter. Cooke & Bieler LP now owns 1,699,013 shares of the company's stock valued at $33,861,000 after acquiring an additional 1,504,988 shares during the last quarter. Institutional investors 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.