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

Shares of Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) have been given a consensus recommendation of "Hold" by the eleven research firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.17.

Several brokerages have issued reports on AESI. Citigroup dropped their target price 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. The Goldman Sachs Group decreased their price objective on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Stifel Nicolaus began coverage on shares of Atlas Energy Solutions in a research report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price objective for the company. Royal Bank Of Canada cut their price target 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. Finally, Piper Sandler reiterated a "neutral" rating and issued a $16.00 price target on shares of Atlas Energy Solutions in a report on Tuesday.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock traded down $0.66 during mid-day trading on Friday, reaching $13.33. 819,789 shares of the company's stock traded hands, compared to its average volume of 1,394,004. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 43.23 and a beta of 1.20. The stock has a 50 day moving average of $13.43 and a two-hundred day moving average of $17.11. The company has a quick ratio of 1.40, a current ratio of 1.62 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.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). The company had revenue of $297.59 million during the quarter, compared to the consensus estimate of $291.13 million. Atlas Energy Solutions had a return on equity of 4.99% and a net margin of 2.96%. The company's revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. Equities analysts forecast 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 was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.50%. The ex-dividend date of this dividend was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 322.58%.

Insiders Place Their Bets

In other news, Chairman Ben M. Brigham bought 9,635 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $13.38 per share, with a total value of $128,916.30. Following the purchase, the chairman owned 572,397 shares of the company's stock, valued at $7,658,671.86. This trade represents a 1.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Douglas G. Rogers bought 7,000 shares of the business'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 purchase, the director directly owned 10,000 shares in the company, valued at $132,700. The trade was a 233.33% increase in their position. The disclosure for this purchase can be found here. Company 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 the company. CBIZ Investment Advisory Services LLC grew its holdings in shares of Atlas Energy Solutions by 62.9% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock worth $30,000 after purchasing an additional 523 shares during the period. Harbor Capital Advisors Inc. lifted its position in Atlas Energy Solutions by 1.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 75,065 shares of the company's stock worth $1,004,000 after acquiring an additional 725 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Atlas Energy Solutions by 307.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock worth $31,000 after acquiring an additional 1,047 shares in the last quarter. Quarry LP acquired a new position in Atlas Energy Solutions during the 4th quarter worth approximately $27,000. Finally, New York State Teachers Retirement System lifted its position in Atlas Energy Solutions by 9.3% during the 1st quarter. New York State Teachers Retirement System now owns 14,161 shares of the company's stock worth $253,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

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.