Atlas Energy Solutions Inc. (NYSE:AESI) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 776.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,981 shares of the company's stock after buying an additional 267,543 shares during the quarter. BNP Paribas Financial Markets owned 0.27% of Atlas Energy Solutions worth $6,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AESI. Quarry LP purchased a new position in Atlas Energy Solutions during the 4th quarter worth $27,000. CBIZ Investment Advisory Services LLC grew its stake in Atlas Energy Solutions by 62.9% during the 4th 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 during the last quarter. Tower Research Capital LLC TRC grew its stake in Atlas Energy Solutions by 307.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock valued at $31,000 after purchasing an additional 1,047 shares during the last quarter. Global Retirement Partners LLC grew its stake in Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock valued at $43,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Promus Capital LLC purchased a new stake in Atlas Energy Solutions during the 4th quarter valued at about $55,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on AESI. Stephens boosted their price target on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. 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. Barclays dropped their price target on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. 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 report on Wednesday, May 7th. Finally, 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 report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $19.81.

Atlas Energy Solutions Price Performance

NYSE AESI traded down $0.47 during trading hours on Thursday, reaching $12.77. The company's stock had a trading volume of 2,105,705 shares, compared to its average volume of 1,334,777. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 16.16 and a beta of 1.34. Atlas Energy Solutions Inc. has a 1-year low of $11.76 and a 1-year high of $26.86. 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 company's 50-day moving average is $15.14 and its two-hundred day moving average is $19.54.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business had revenue of $297.59 million during the quarter, compared to analyst estimates of $291.13 million. During the same period in the previous year, the company posted $0.26 EPS. The business's revenue for the quarter was up 54.5% compared to the same quarter last year. On average, equities analysts predict that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be paid 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 7.83%. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 322.58%.

Insiders Place Their Bets

In other news, major shareholder Gregory M. Shepard purchased 32,155 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the purchase, the insider now directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Ben M. Brigham purchased 9,635 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were purchased at an average price of $13.38 per share, for a total transaction of $128,916.30. Following the completion of the purchase, the chairman now directly owns 572,397 shares of the company's stock, valued at $7,658,671.86. This represents a 1.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.98% of the stock is owned by company 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.