Raymond James Boosts Atlas Energy Solutions (NYSE:AESI) Price Target to $27.00

Atlas Energy Solutions (NYSE:AESI - Free Report) had its price objective increased by Raymond James from $26.00 to $27.00 in a research note released on Tuesday, Benzinga reports. They currently have a strong-buy rating on the stock.

AESI has been the topic of a number of other reports. Royal Bank of Canada boosted their price objective on Atlas Energy Solutions from $23.00 to $25.00 and gave the company an outperform rating in a research note on Wednesday, February 28th. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a research note on Thursday, March 14th. They issued a buy rating and a $24.00 price objective on the stock. Finally, Barclays upped their price target on Atlas Energy Solutions from $23.00 to $26.00 and gave the company an overweight rating in a research report on Tuesday, March 5th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Atlas Energy Solutions currently has a consensus rating of Buy and an average price target of $25.17.

Atlas Energy Solutions Stock Up 0.3 %

AESI traded up $0.06 during mid-day trading on Tuesday, reaching $22.14. 707,153 shares of the stock were exchanged, compared to its average volume of 795,304. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.21 and a current ratio of 3.44. The stock has a market capitalization of $2.21 billion and a PE ratio of 14.10. The company has a 50 day moving average price of $20.70 and a two-hundred day moving average price of $18.89. Atlas Energy Solutions has a 1 year low of $15.28 and a 1 year high of $24.69.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.24). The company had revenue of $141.14 million during the quarter, compared to analysts' expectations of $147.34 million. Atlas Energy Solutions had a return on equity of 47.40% and a net margin of 17.17%. As a group, research analysts anticipate that Atlas Energy Solutions will post 2.92 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were issued a $0.21 dividend. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.84 dividend on an annualized basis and a yield of 3.79%. Atlas Energy Solutions's dividend payout ratio is 40.76%.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 50,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $19.97, for a total value of $998,500.00. Following the completion of the transaction, the insider now owns 970,738 shares in the company, valued at $19,385,637.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Atlas Energy Solutions news, major shareholder Richard W. Schmidt sold 21,043 shares of the business's stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $22.44, for a total value of $472,204.92. Following the completion of the transaction, the insider now owns 1,119,553 shares of the company's stock, valued at approximately $25,122,769.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Stacy Hock sold 50,000 shares of the business's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $19.97, for a total value of $998,500.00. Following the completion of the transaction, the insider now directly owns 970,738 shares of the company's stock, valued at approximately $19,385,637.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 246,860 shares of company stock worth $5,332,121. 24.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Large investors have recently made changes to their positions in the company. American International Group Inc. lifted its holdings in Atlas Energy Solutions by 8.9% in the 4th quarter. American International Group Inc. now owns 8,848 shares of the company's stock worth $152,000 after purchasing an additional 723 shares in the last quarter. Rhumbline Advisers grew its position in Atlas Energy Solutions by 5.8% in the 3rd quarter. Rhumbline Advisers now owns 23,745 shares of the company's stock valued at $528,000 after acquiring an additional 1,303 shares during the last quarter. Royal Bank of Canada grew its position in Atlas Energy Solutions by 526.7% in the 2nd quarter. Royal Bank of Canada now owns 2,206 shares of the company's stock valued at $37,000 after acquiring an additional 1,854 shares during the last quarter. Tucker Asset Management LLC bought a new position in Atlas Energy Solutions in the 3rd quarter valued at $49,000. Finally, Barclays PLC grew its position in Atlas Energy Solutions by 79.4% in the 3rd quarter. Barclays PLC now owns 5,996 shares of the company's stock valued at $134,000 after acquiring an additional 2,654 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

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.