Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Atlas Energy Solutions Inc. received a consensus recommendation of "Hold" from analysts, with an average twelve-month target price of $18.83.
• The company recently announced a quarterly dividend of $0.25 per share, representing an annualized yield of 8.4%.
• Institutional investors showed increased interest, with notable stakes being raised by firms like GatePass Capital LLC and Liontrust Investment Partners LLP.

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) has received an average recommendation of "Hold" from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.8333.

AESI has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price target on Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Piper Sandler dropped their price objective on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th.

Atlas Energy Solutions Trading Up 2.3%

Shares of AESI stock opened at $11.87 on Thursday. Atlas Energy Solutions has a fifty-two week low of $10.40 and a fifty-two week high of $26.86. The stock has a market cap of $1.47 billion, a P/E ratio of 84.76 and a beta of 1.19. The business has a fifty day simple moving average of $11.92 and a 200-day simple moving average of $13.57. The company has a quick ratio of 1.30, a current ratio of 1.56 and a debt-to-equity ratio of 0.39.

Atlas Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date was Thursday, August 14th. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 714.29%.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GatePass Capital LLC increased its position in Atlas Energy Solutions by 74.5% during the 2nd quarter. GatePass Capital LLC now owns 43,100 shares of the company's stock worth $576,000 after purchasing an additional 18,400 shares in the last quarter. Osaic Holdings Inc. increased its position in Atlas Energy Solutions by 20.1% during the 2nd quarter. Osaic Holdings Inc. now owns 11,888 shares of the company's stock worth $159,000 after purchasing an additional 1,989 shares in the last quarter. Squarepoint Ops LLC increased its position in Atlas Energy Solutions by 64.5% during the 2nd quarter. Squarepoint Ops LLC now owns 281,056 shares of the company's stock worth $3,758,000 after purchasing an additional 110,151 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Atlas Energy Solutions by 1.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company's stock worth $717,000 after purchasing an additional 874 shares in the last quarter. Finally, Liontrust Investment Partners LLP increased its position in Atlas Energy Solutions by 5,408.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 1,075,400 shares of the company's stock worth $14,378,000 after purchasing an additional 1,055,876 shares in the last quarter. Hedge funds and other institutional investors 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.

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