Brokerages Set Atlas Energy Solutions Inc. (NYSE:AESI) Target Price at $19.28

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

Several analysts recently commented on AESI shares. The Goldman Sachs Group reduced their target price on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Citigroup decreased their price objective on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Benchmark lowered their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Stifel Nicolaus initiated coverage on shares of Atlas Energy Solutions in a research report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price target on the stock. Finally, Royal Bank Of Canada decreased their price target on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th.

Insider Transactions at Atlas Energy Solutions

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Atlas Energy Solutions by 16.5% in the 1st quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company's stock valued at $143,695,000 after acquiring an additional 1,139,352 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Atlas Energy Solutions by 31.5% in the fourth quarter. First Trust Advisors LP now owns 3,908,810 shares of the company's stock worth $86,697,000 after purchasing an additional 935,410 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Atlas Energy Solutions by 25.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company's stock valued at $75,197,000 after purchasing an additional 689,846 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Atlas Energy Solutions by 42.5% in the first quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock valued at $57,152,000 after purchasing an additional 955,818 shares in the last quarter. Finally, Cooke & Bieler LP boosted its position in shares of Atlas Energy Solutions by 2.3% during the first quarter. Cooke & Bieler LP now owns 2,600,093 shares of the company's stock valued at $46,386,000 after buying an additional 57,546 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Trading Down 0.8%

NYSE AESI traded down $0.11 on Tuesday, reaching $14.46. The company had a trading volume of 557,657 shares, compared to its average volume of 1,381,009. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 46.71 and a beta of 1.14. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.40. Atlas Energy Solutions has a fifty-two week low of $11.76 and a fifty-two week high of $26.86. The business has a 50 day moving average of $13.44 and a two-hundred day moving average of $18.14.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released 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). Atlas Energy Solutions had a net margin of 2.96% and a return on equity of 4.99%. The company had revenue of $297.59 million during the quarter, compared to the consensus estimate of $291.13 million. During the same quarter last year, the firm posted $0.26 EPS. The company's quarterly revenue was up 54.5% on a year-over-year basis. Analysts forecast that Atlas Energy Solutions will post 0.83 EPS for the current year.

Atlas Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 6.92%. Atlas Energy Solutions's dividend payout ratio is currently 322.58%.

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.