Atlas Energy Solutions (NYSE:AESI) Hits New 52-Week Low - Should You Sell?

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $12.69 and last traded at $12.89, with a volume of 2395598 shares changing hands. The stock had previously closed at $13.83.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Raymond James downgraded shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Bank of America reiterated a "neutral" rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Benchmark reduced their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Barclays lowered their target price on 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. Finally, Piper Sandler initiated coverage on Atlas Energy Solutions in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $22.00 price target for the company. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $22.94.

Atlas Energy Solutions Trading Up 0.8 %

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 $1.69 billion, a P/E ratio of 17.58 and a beta of 1.20. The business has a 50-day moving average price of $18.34 and a two-hundred day moving average price of $20.75.

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Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. On average, analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.20%. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's dividend payout ratio is 178.57%.

Insider Buying and Selling

In related news, major shareholder Gregory M. Shepard bought 32,155 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $19.04 per share, with a total value of $612,231.20. Following the transaction, the insider now directly owns 7,651,210 shares in the company, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $23.88, for a total value of $119,400.00. Following the completion of the sale, the insider now owns 382,010 shares in the company, valued at $9,122,398.80. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock worth $830,150 in the last three months. 24.34% of the stock is owned by corporate insiders.

Institutional Trading of Atlas Energy Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its stake in Atlas Energy Solutions by 31.5% during the fourth quarter. First Trust Advisors LP now owns 3,908,810 shares of the company's stock worth $86,697,000 after buying an additional 935,410 shares during the last quarter. Frontier Capital Management Co. LLC bought a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at $17,770,000. Wellington Management Group LLP acquired a new position in shares of Atlas Energy Solutions during the 3rd quarter valued at $17,314,000. Vanguard Group Inc. boosted its stake in Atlas Energy Solutions by 12.6% during the fourth quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock worth $153,382,000 after acquiring an additional 773,035 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Atlas Energy Solutions by 25.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company's stock valued at $75,197,000 after purchasing an additional 689,846 shares in the last quarter. Institutional investors and hedge funds 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.