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

Shares of Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirteen ratings firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $19.28.

A number of brokerages recently weighed in on AESI. Royal Bank of Canada lowered their target price on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Benchmark lowered their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Citigroup reduced their price target on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. The Goldman Sachs Group reduced their price target on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Piper Sandler reduced their price target on shares of Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th.

Insiders Place Their Bets

In other Atlas Energy Solutions news, Director Douglas G. Rogers bought 7,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was acquired at an average price of $13.27 per share, with a total value of $92,890.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $132,700. This represents a 233.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Ben M. Brigham bought 9,635 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $13.38 per share, with a total value of $128,916.30. Following the transaction, the chairman now owns 572,397 shares in the company, valued at $7,658,671.86. The trade was a 1.71% increase in their position. The disclosure for this purchase can be found here. 15.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of large investors have recently made changes to their positions in AESI. CBIZ Investment Advisory Services LLC lifted its holdings 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 worth $30,000 after purchasing an additional 523 shares in 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 worth $31,000 after purchasing an additional 1,047 shares in the last quarter. Quarry LP purchased a new position in Atlas Energy Solutions in the 4th quarter worth approximately $27,000. New York State Teachers Retirement System lifted its holdings in Atlas Energy Solutions by 9.3% in the 1st quarter. New York State Teachers Retirement System now owns 14,161 shares of the company's stock worth $253,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Atlas Energy Solutions by 191.9% in 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 in the last quarter. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Trading Down 1.6%

Shares of Atlas Energy Solutions stock opened at $14.41 on Tuesday. Atlas Energy Solutions has a 12-month low of $11.76 and a 12-month high of $26.86. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 18.25 and a beta of 1.14. 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 company's 50-day moving average price is $13.42 and its 200-day moving average price is $18.25.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). The firm had revenue of $297.59 million during the quarter, compared to analysts' expectations of $291.13 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company's quarterly revenue was up 54.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. On average, equities analysts expect that Atlas Energy Solutions will post 0.83 earnings per share for the current fiscal 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio (DPR) is 322.58%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.