Analysts Set Atlas Energy Solutions Inc. (NYSE:AESI) Target Price at $25.75

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) has earned a consensus recommendation of "Buy" from the eleven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.75.

AESI has been the topic of several recent research reports. Benchmark reiterated a "buy" rating and issued a $27.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $25.00 price objective on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. The Goldman Sachs Group decreased their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Piper Sandler decreased their price objective on shares of Atlas Energy Solutions from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, July 15th. Finally, Pickering Energy Partners lowered shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research report on Wednesday, October 30th.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI traded up $0.80 during trading on Monday, hitting $19.96. 1,204,964 shares of the company were exchanged, compared to its average volume of 886,205. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 10.82 and a beta of 0.70. Atlas Energy Solutions has a 1 year low of $15.55 and a 1 year high of $24.93. The firm's fifty day moving average price is $20.95 and its 200 day moving average price is $21.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.35.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Atlas Energy Solutions's revenue for the quarter was up 93.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, sell-side analysts expect that Atlas Energy Solutions will post 0.8 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.81%. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.23. Atlas Energy Solutions's payout ratio is presently 116.46%.

Insider Transactions at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 8,571 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.22, for a total transaction of $173,305.62. Following the completion of the sale, the insider now owns 951,888 shares in the company, valued at approximately $19,247,175.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Gregory M. Shepard purchased 1,797 shares of the firm's stock in a transaction on Friday, October 18th. The stock was purchased at an average price of $19.65 per share, for a total transaction of $35,311.05. Following the acquisition, the insider now directly owns 7,507,194 shares in the company, valued at $147,516,362.10. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Stacy Hock sold 8,571 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $20.22, for a total value of $173,305.62. Following the completion of the transaction, the insider now owns 951,888 shares of the company's stock, valued at approximately $19,247,175.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 47,506 shares of company stock worth $931,547 and sold 45,713 shares worth $939,317. Company insiders own 24.34% of the company's stock.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. boosted its stake in shares of Atlas Energy Solutions by 313.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company's stock valued at $34,000 after buying an additional 1,308 shares during the last quarter. Amalgamated Bank raised its position in shares of Atlas Energy Solutions by 328.1% during the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company's stock valued at $47,000 after acquiring an additional 1,801 shares in the last quarter. CWM LLC raised its position in shares of 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 in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Atlas Energy Solutions during the 1st quarter valued at approximately $78,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Atlas Energy Solutions during the 2nd quarter valued at approximately $74,000. 34.59% of the stock is currently 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.