Atlas Energy Solutions (NYSE:AESI) Announces Earnings Results

Atlas Energy Solutions (NYSE:AESI - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.10), Zacks reports. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm had revenue of $297.59 million for the quarter, compared to the consensus estimate of $291.13 million. During the same quarter last year, the business earned $0.26 earnings per share. The business's revenue for the quarter was up 54.5% compared to the same quarter last year.

Atlas Energy Solutions Stock Up 3.1 %

NYSE AESI traded up $0.37 on Thursday, reaching $12.32. 1,214,310 shares of the stock traded hands, compared to its average volume of 1,296,607. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 15.60 and a beta of 1.34. Atlas Energy Solutions has a 12 month low of $11.79 and a 12 month high of $26.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The company has a fifty day moving average price of $15.72 and a 200-day moving average price of $19.83.

Atlas Energy Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 8.12%. Atlas Energy Solutions's payout ratio is presently 178.57%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AESI. Piper Sandler decreased their price objective on Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating for the company in a research report on Thursday. Benchmark lowered their price objective on 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. 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. Stephens lifted their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada decreased their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Atlas Energy Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.81.

Insider Buying and Selling at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard purchased 32,155 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the transaction, the insider now directly owns 7,651,210 shares in the company, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 15.98% of the stock is owned by insiders.

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.