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

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given 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 $24.39.

Several brokerages have commented on AESI. Barclays dropped their price target on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada dropped their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Citigroup cut shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and reduced their price target for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. Raymond James downgraded shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They set a "neutral" rating and a $23.00 target price on the stock.

Insiders Place Their Bets

In other news, major shareholder Gregory M. Shepard purchased 32,155 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the purchase, the insider now directly owns 7,651,210 shares in the company, valued at $145,679,038.40. The trade was a 0.42 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $22.55, for a total transaction of $193,276.05. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,571 shares of company stock valued at $1,473,876. 24.34% of the stock is owned by company insiders.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AESI. Ashford Capital Management Inc. lifted its holdings in Atlas Energy Solutions by 36.1% in the fourth quarter. Ashford Capital Management Inc. now owns 797,675 shares of the company's stock valued at $17,692,000 after acquiring an additional 211,675 shares during the period. Squarepoint Ops LLC lifted its stake in shares of Atlas Energy Solutions by 135.0% in the fourth quarter. Squarepoint Ops LLC now owns 68,880 shares of the company's stock valued at $1,528,000 after purchasing an additional 39,570 shares during the period. Snowden Capital Advisors LLC boosted its holdings in Atlas Energy Solutions by 44.9% during the fourth quarter. Snowden Capital Advisors LLC now owns 24,470 shares of the company's stock worth $543,000 after buying an additional 7,587 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in Atlas Energy Solutions by 40.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 290,319 shares of the company's stock worth $6,439,000 after buying an additional 83,843 shares during the period. Finally, ProShare Advisors LLC increased its holdings in Atlas Energy Solutions by 58.4% in the fourth quarter. ProShare Advisors LLC now owns 20,330 shares of the company's stock valued at $451,000 after buying an additional 7,492 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company's stock.

Atlas Energy Solutions Stock Up 0.6 %

NYSE:AESI traded up $0.11 during trading hours on Friday, hitting $17.73. The company's stock had a trading volume of 81,273 shares, compared to its average volume of 1,582,922. Atlas Energy Solutions has a 52-week low of $16.98 and a 52-week 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 stock has a market capitalization of $2.16 billion, a P/E ratio of 22.47 and a beta of 1.18. The stock has a fifty day moving average of $21.89 and a 200-day moving average of $21.60.

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

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.25 per share. The ex-dividend date was Friday, February 21st. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 5.64%. Atlas Energy Solutions's dividend payout ratio is currently 178.57%.

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.