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

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $22.44.

AESI has been the subject of a number of analyst reports. Piper Sandler started coverage on shares of Atlas Energy Solutions in a research note on Wednesday, March 12th. They set an "overweight" rating and a $22.00 price objective for the company. Bank of America reiterated a "neutral" rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. The Goldman Sachs Group decreased their price target on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, April 2nd.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the sale, the insider now directly 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 legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Gregory M. Shepard purchased 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 completion of the purchase, the insider now directly owns 7,651,210 shares in the company, valued at $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 15.98% of the company's stock.

Institutional Trading of Atlas Energy Solutions

A number of institutional investors have recently modified their holdings of AESI. Alpine Woods Capital Investors LLC boosted its stake in Atlas Energy Solutions by 1,360.8% in the first quarter. Alpine Woods Capital Investors LLC now owns 228,082 shares of the company's stock valued at $4,069,000 after buying an additional 212,469 shares in the last quarter. 49 Wealth Management LLC acquired a new stake in shares of Atlas Energy Solutions in the 1st quarter valued at approximately $229,000. Envestnet Asset Management Inc. grew its holdings in shares of Atlas Energy Solutions by 9.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 381,094 shares of the company's stock valued at $6,799,000 after purchasing an additional 33,404 shares during the last quarter. Bank of New York Mellon Corp increased its position in Atlas Energy Solutions by 2.8% during the 1st quarter. Bank of New York Mellon Corp now owns 859,112 shares of the company's stock worth $15,327,000 after purchasing an additional 23,429 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Atlas Energy Solutions by 18.9% in the 1st quarter. Principal Financial Group Inc. now owns 395,952 shares of the company's stock valued at $7,064,000 after acquiring an additional 63,036 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI traded down $0.75 during trading hours on Monday, hitting $13.55. The stock had a trading volume of 1,737,535 shares, compared to its average volume of 1,261,164. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The stock's fifty day simple moving average is $16.48 and its 200 day simple moving average is $20.11. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 17.15 and a beta of 1.20. Atlas Energy Solutions has a 1-year low of $12.41 and a 1-year high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12). The company had revenue of $271.34 million during the quarter, compared to analyst estimates of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Sell-side analysts anticipate that Atlas Energy Solutions will post 0.83 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 7.38%. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's dividend payout ratio is 178.57%.

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.