Atlas Energy Solutions Inc. (NYSE:AESI) Receives $19.28 Consensus Target Price from Analysts

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $19.28.

A number of equities research analysts recently issued reports on AESI shares. Piper Sandler decreased their price target on shares of Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Barclays decreased their target price on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Stifel Nicolaus began coverage on Atlas Energy Solutions in a research report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price target for the company. The Goldman Sachs Group cut their price target on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, Royal Bank of Canada reduced their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th.

Atlas Energy Solutions Price Performance

AESI stock traded down $0.13 during trading on Friday, reaching $12.47. The company's stock had a trading volume of 1,404,856 shares, compared to its average volume of 1,363,998. 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 company's fifty day moving average is $14.23 and its 200-day moving average is $19.08. The company has a market capitalization of $1.54 billion, a P/E ratio of 15.79 and a beta of 1.34. Atlas Energy Solutions has a 1 year low of $11.76 and a 1 year high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.10). The firm had revenue of $297.59 million for the quarter, compared to analysts' expectations of $291.13 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm's revenue was up 54.5% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. On average, research analysts expect that Atlas Energy Solutions will post 0.83 earnings per share for the current fiscal year.

Atlas Energy Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.02%. The ex-dividend date of this dividend was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio is presently 322.58%.

Insider Activity

In related news, Director Douglas G. Rogers acquired 7,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $13.27 per share, with a total value of $92,890.00. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at $132,700. This trade represents a 233.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Gregory M. Shepard bought 32,155 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $19.04 per share, with a total value of $612,231.20. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 48,790 shares of company stock worth $834,038. Corporate insiders own 15.98% of the company's stock.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of large investors have recently bought and sold shares of AESI. Prudential Financial Inc. acquired a new stake in Atlas Energy Solutions during the 4th quarter valued at approximately $1,366,000. Louisiana State Employees Retirement System purchased a new position in shares of Atlas Energy Solutions during the fourth quarter worth $650,000. Hodges Capital Management Inc. lifted its position in Atlas Energy Solutions by 44.7% during the fourth quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company's stock valued at $4,302,000 after purchasing an additional 59,940 shares during the period. Northern Trust Corp boosted its holdings in Atlas Energy Solutions by 11.8% in the fourth quarter. Northern Trust Corp now owns 898,253 shares of the company's stock valued at $19,923,000 after purchasing an additional 94,949 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Atlas Energy Solutions by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock worth $153,382,000 after purchasing an additional 773,035 shares during the period. Hedge funds and other institutional investors 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.