Atlas Energy Solutions (NYSE:AESI) Reaches New 1-Year High - Should You Buy?

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $25.18 and last traded at $24.93, with a volume of 142341 shares traded. The stock had previously closed at $24.63.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AESI. Barclays cut shares of Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $23.00 to $19.00 in a research report on Tuesday, November 12th. Citigroup downgraded Atlas Energy Solutions from a "buy" rating to a "neutral" rating and cut their target price for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Pickering Energy Partners lowered Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group began coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They set a "neutral" rating and a $23.00 target price for the company. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $24.50.

Atlas Energy Solutions Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The company has a fifty day moving average price of $22.44 and a 200 day moving average price of $21.29. The stock has a market cap of $2.67 billion, a P/E ratio of 30.64, a P/E/G ratio of 5.55 and a beta of 1.03.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings data 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 net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $304.40 million for the quarter, compared to analyst estimates of $307.93 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The firm's quarterly revenue was up 93.1% compared to the same quarter last year. On average, equities analysts expect that Atlas Energy Solutions Inc. will post 0.87 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.97%. 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 currently 121.52%.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard purchased 23,300 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average cost of $19.55 per share, with a total value of $455,515.00. Following the acquisition, the insider now owns 7,540,306 shares of the company's stock, valued at $147,412,982.30. This represents a 0.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 7,500 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $24.00, for a total transaction of $180,000.00. Following the sale, the insider now owns 397,010 shares of the company's stock, valued at $9,528,240. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 59,072 shares of company stock valued at $1,152,672 and have sold 137,142 shares valued at $3,084,721. 24.34% of the stock is owned by insiders.

Institutional Trading of Atlas Energy Solutions

A number of large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Atlas Energy Solutions by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company's stock valued at $979,000 after purchasing an additional 711 shares during the period. Beck Capital Management LLC raised its holdings in Atlas Energy Solutions by 0.6% during the 2nd quarter. Beck Capital Management LLC now owns 130,588 shares of the company's stock valued at $2,603,000 after acquiring an additional 749 shares during the period. CWM LLC raised its holdings in Atlas Energy Solutions by 47.1% during 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 lifted its position in shares of Atlas Energy Solutions by 1.0% during the second quarter. Cetera Investment Advisers now owns 88,654 shares of the company's stock worth $1,767,000 after acquiring an additional 897 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company's stock worth $59,000 after acquiring an additional 1,355 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.