Atlas Energy Solutions Inc. (NYSE:AESI) Plans Quarterly Dividend of $0.25

Key Points

• Atlas Energy Solutions Inc. has declared a quarterly dividend of $0.25 per share, with a yield of 7.9%, set to be paid on August 21st to investors of record on August 14th.
• The company reported a net loss of ($0.04) earnings per share last quarter, missing analysts' estimates, while revenue increased 0.4% year-over-year to $288.68 million.
• Atlas Energy Solutions has a payout ratio of 97.1%, indicating that its current dividend is fully covered by earnings but may become unsustainable if earnings decline.

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Stockholders of record on Thursday, August 14th will be given a dividend of 0.25 per share on Thursday, August 21st. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Thursday, August 14th.

Atlas Energy Solutions has a dividend payout ratio of 97.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities analysts expect Atlas Energy Solutions to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 66.7%.

Atlas Energy Solutions Stock Down 0.6%

Shares of AESI traded down $0.07 during trading hours on Friday, hitting $11.73. The company had a trading volume of 1,459,315 shares, compared to its average volume of 1,440,067. The company has a market capitalization of $1.45 billion, a PE ratio of 83.79 and a beta of 1.19. The company has a current ratio of 1.56, a quick ratio of 1.40 and a debt-to-equity ratio of 0.39. Atlas Energy Solutions has a one year low of $11.60 and a one year high of $26.86. The company's fifty day moving average price is $13.60 and its two-hundred day moving average price is $15.81.

Wall Street Analyst Weigh In

Several analysts have weighed in on AESI shares. Piper Sandler reiterated a "neutral" rating and set a $16.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, July 15th. Stifel Nicolaus dropped their price target on Atlas Energy Solutions from $15.00 to $14.50 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Royal Bank Of Canada dropped their price target on 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. Finally, Citigroup dropped their price target on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $19.11.

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.