Atlas Energy Solutions (NYSE:AESI) Price Target Cut to $25.00 by Analysts at Benchmark

Atlas Energy Solutions (NYSE:AESI - Free Report) had its price objective reduced by Benchmark from $28.00 to $25.00 in a report issued on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Royal Bank of Canada upped their target price on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Stephens upped their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Pickering Energy Partners cut shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research report on Wednesday, October 30th. Barclays lifted their target price on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Finally, Citigroup cut shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.83.

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Atlas Energy Solutions Stock Down 0.8 %

AESI stock traded down $0.15 during mid-day trading on Wednesday, reaching $19.38. 1,486,488 shares of the company traded hands, compared to its average volume of 1,614,755. 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's 50 day moving average price is $22.37 and its 200 day moving average price is $21.66. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 24.53 and a beta of 1.03. Atlas Energy Solutions has a fifty-two week low of $17.49 and a fifty-two week high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.12). The company had revenue of $271.34 million for the quarter, compared to analysts' expectations of $272.94 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. As a group, equities research analysts predict that Atlas Energy Solutions will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently declared 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 represents a $1.00 annualized dividend and a yield of 5.16%. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's payout ratio is 178.57%.

Insiders Place Their Bets

In other news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total value of $193,276.05. Following the transaction, the insider now owns 917,604 shares in the company, valued at approximately $20,691,970.20. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.17, for a total value of $115,850.00. Following the completion of the transaction, the insider now directly owns 409,510 shares in the company, valued at $9,488,346.70. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,071 shares of company stock valued at $1,773,251 over the last 90 days. Insiders own 24.34% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Modera Wealth Management LLC purchased a new stake in Atlas Energy Solutions during the 3rd quarter valued at $322,000. Emerald Advisers LLC raised its stake in shares of Atlas Energy Solutions by 28.4% during the third quarter. Emerald Advisers LLC now owns 10,850 shares of the company's stock valued at $237,000 after acquiring an additional 2,400 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Atlas Energy Solutions during the third quarter valued at about $844,000. Quest Partners LLC bought a new position in shares of Atlas Energy Solutions during the third quarter valued at about $48,000. Finally, Intech Investment Management LLC bought a new position in shares of Atlas Energy Solutions during the third quarter valued at about $323,000. Institutional investors own 34.59% of the company's stock.

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.