Atlas Energy Solutions Inc. (NYSE:AESI) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Atlas Energy Solutions Inc. has received a consensus rating of "Hold" from eleven brokerages, with seven recommending hold and four recommending buy.
• The company's shares opened at $12.62 and have experienced a 12-month price range between $11.76 and $26.86.
• Chairman Ben M. Brigham and Director Douglas G. Rogers increased their holdings, buying shares at prices around $13.27 to $13.38, signaling potential insider confidence in the company.

Shares of Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $19.1111.

Several equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Piper Sandler reiterated a "neutral" rating and issued a $16.00 target price on shares of Atlas Energy Solutions in a research note on Tuesday, July 15th. Stifel Nicolaus decreased their target price on shares of Atlas Energy Solutions from $15.00 to $14.50 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Royal Bank Of Canada decreased their target price on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group decreased their target price on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th.

Insiders Place Their Bets

In other Atlas Energy Solutions news, Chairman Ben M. Brigham bought 9,635 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was acquired at an average price of $13.38 per share, with a total value of $128,916.30. Following the completion of the acquisition, the chairman directly owned 572,397 shares of the company's stock, valued at $7,658,671.86. This represents a 1.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas G. Rogers bought 7,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average cost of $13.27 per share, with a total value of $92,890.00. Following the acquisition, the director directly owned 10,000 shares of the company's stock, valued at approximately $132,700. This represents a 233.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.98% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of large investors have recently modified their holdings of AESI. Vanguard Group Inc. grew its holdings in shares of Atlas Energy Solutions by 16.5% in the first quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company's stock valued at $143,695,000 after purchasing an additional 1,139,352 shares during the period. First Trust Advisors LP grew its holdings in shares of Atlas Energy Solutions by 31.5% in the fourth quarter. First Trust Advisors LP now owns 3,908,810 shares of the company's stock valued at $86,697,000 after purchasing an additional 935,410 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 during the period. Cooke & Bieler LP grew its holdings in shares of Atlas Energy Solutions by 23.8% in the second quarter. Cooke & Bieler LP now owns 3,219,440 shares of the company's stock valued at $43,044,000 after purchasing an additional 619,347 shares during the period. Finally, Copeland Capital Management LLC grew its holdings in shares of Atlas Energy Solutions by 42.5% in the first quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock valued at $57,152,000 after purchasing an additional 955,818 shares during the period. Hedge funds and other institutional investors own 34.59% of the company's stock.

Atlas Energy Solutions Stock Performance

Shares of NYSE AESI opened at $12.62 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.38. Atlas Energy Solutions has a 12 month low of $11.76 and a 12 month high of $26.86. The company has a 50 day simple moving average of $13.63 and a two-hundred day simple moving average of $16.06. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 90.15 and a beta of 1.19.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). Atlas Energy Solutions had a net margin of 1.20% and a return on equity of 3.21%. The business had revenue of $297.59 million for the quarter, compared to analyst estimates of $291.13 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The business's revenue was up 54.5% on a year-over-year basis. As a group, analysts predict that Atlas Energy Solutions will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.9%. Atlas Energy Solutions's dividend payout ratio is presently 322.58%.

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.

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