Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $22.44.

Several analysts have recently weighed in on AESI shares. Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a report on Wednesday, April 2nd. Stephens boosted their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Raymond James cut shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Bank of America reiterated a "neutral" rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Finally, The Goldman Sachs Group dropped their price objective on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th.

Atlas Energy Solutions Stock Up 2.2 %

AESI stock traded up $0.31 during trading on Monday, hitting $14.36. 103,107 shares of the company's stock were exchanged, compared to its average volume of 1,263,146. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 18.20 and a beta of 1.20. Atlas Energy Solutions has a 52-week low of $12.41 and a 52-week high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $16.21 and a two-hundred day moving average price of $20.02.

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

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date was Friday, February 21st. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's dividend payout ratio is currently 178.57%.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 10,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total value of $225,000.00. Following the completion of the transaction, the insider now owns 897,604 shares in the company, valued at $20,196,090. This trade represents a 1.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the transaction, the insider now directly owns 7,651,210 shares in the company, valued at approximately $145,679,038.40. This represents a 0.42 % 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 Trading of Atlas Energy Solutions

Large investors have recently modified their holdings of the business. Quarry LP acquired a new stake in Atlas Energy Solutions during the 4th quarter valued at $27,000. CBIZ Investment Advisory Services LLC raised its stake in Atlas Energy Solutions by 62.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after purchasing an additional 523 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Atlas Energy Solutions by 307.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock valued at $31,000 after purchasing an additional 1,047 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Atlas Energy Solutions by 1,240.1% during the 1st quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock worth $35,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after purchasing an additional 1,276 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.