Atlas Energy Solutions (NYSE:AESI) Reaches New 1-Year Low - What's Next?

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $16.17 and last traded at $16.26, with a volume of 505243 shares changing hands. The stock had previously closed at $18.40.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Raymond James downgraded Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They set a "neutral" rating and a $23.00 price target for the company. Stephens upped their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. Barclays decreased their price objective on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Finally, Bank of America restated a "neutral" rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.83.

Atlas Energy Solutions Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The stock has a fifty day moving average price of $19.06 and a two-hundred day moving average price of $20.99. The company has a market cap of $1.57 billion, a P/E ratio of 16.31 and a beta of 1.20.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $271.34 million during the quarter, compared to analyst estimates of $272.94 million. On average, equities analysts forecast that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 7.76%. Atlas Energy Solutions's dividend payout ratio is 178.57%.

Insider Buying and Selling

In other news, major shareholder Brian Anthony Leveille sold 12,500 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $24.46, for a total transaction of $305,750.00. Following the completion of the sale, the insider now directly owns 362,010 shares of the company's stock, valued at $8,854,764.60. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Gregory M. Shepard bought 32,155 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $19.04 per share, with a total value of $612,231.20. Following the completion of the acquisition, the insider now owns 7,651,210 shares of the company's stock, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 45,000 shares of company stock valued at $1,049,750 over the last three months. Company insiders own 24.34% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AESI. Quarry LP acquired a new position in shares of Atlas Energy Solutions in the fourth quarter worth $27,000. CBIZ Investment Advisory Services LLC grew its stake in Atlas Energy Solutions by 62.9% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after purchasing an additional 523 shares in the last quarter. Tower Research Capital LLC TRC increased its position 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 during the last quarter. Global Retirement Partners LLC raised its stake in shares of Atlas Energy Solutions by 191.9% during 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. Finally, Promus Capital LLC acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter valued at about $55,000. Institutional investors and hedge funds 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.