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

Key Points

• Atlas Energy Solutions Inc. (NYSE:AESI) has received a consensus recommendation of "Hold" from eleven research firms, with seven holding this stance and four issuing a buy rating.
• The average 1-year price target set by analysts for Atlas Energy Solutions is $18.83, indicating analysts' expectations for the stock within the next year.
• The company recently announced a quarterly dividend of $0.25, translating to an annualized yield of 8.5%, with a notably high payout ratio of 714.29%.

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven research firms that are currently covering the stock, 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 12-month price objective among analysts that have issued a report on the stock in the last year is $18.8333.

Several analysts have recently commented on AESI shares. Stifel Nicolaus decreased their price target on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Piper Sandler cut their price objective on shares of Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Citigroup cut their price objective on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Royal Bank Of Canada cut 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 report on Wednesday, May 7th.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock traded down $0.35 during trading hours on Friday, hitting $10.98. 1,209,899 shares of the stock were exchanged, compared to its average volume of 1,699,312. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.56. The stock has a market capitalization of $1.36 billion, a P/E ratio of 78.72 and a beta of 1.19. Atlas Energy Solutions has a 12 month low of $10.92 and a 12 month high of $26.86. The business's 50-day moving average is $12.82 and its two-hundred day moving average is $14.49.

Atlas Energy Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend was Thursday, August 14th. Atlas Energy Solutions's dividend payout ratio (DPR) is 714.29%.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds have recently modified their holdings of AESI. EverSource Wealth Advisors LLC acquired a new stake in shares of Atlas Energy Solutions during the 2nd quarter worth about $25,000. Quarry LP acquired a new stake in Atlas Energy Solutions in the 4th quarter worth about $27,000. CWM LLC raised its stake in Atlas Energy Solutions by 244.4% in the 2nd quarter. CWM LLC now owns 2,235 shares of the company's stock worth $30,000 after purchasing an additional 1,586 shares in the last quarter. Tower Research Capital LLC TRC raised its stake 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 worth $31,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Atlas Energy Solutions by 1,240.1% in 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 in the last quarter. Institutional investors and hedge funds 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.