Atlas Energy Solutions (NYSE:AESI) Posts Earnings Results, Misses Expectations By $0.12 EPS

Atlas Energy Solutions (NYSE:AESI) posted its quarterly earnings results on Monday. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12), Briefing.com reports. Atlas Energy Solutions had a return on equity of 47.40% and a net margin of 17.17%. The firm had revenue of $192.67 million for the quarter, compared to analysts’ expectations of $196.39 million. During the same period last year, the business earned $0.03 earnings per share. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis.

Atlas Energy Solutions Stock Performance

Shares of NYSE AESI opened at $22.95 on Thursday. The company has a quick ratio of 3.21, a current ratio of 3.44 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $22.11 and its two-hundred day moving average is $19.09. The company has a market cap of $2.30 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.54 and a beta of 0.66. Atlas Energy Solutions has a 12 month low of $15.28 and a 12 month high of $24.69.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be given a $0.22 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.83%. The ex-dividend date is Wednesday, May 15th. Atlas Energy Solutions’s payout ratio is currently 40.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AESI shares. Raymond James raised their price target on Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, April 16th. Barclays raised their price objective on Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. The Goldman Sachs Group assumed 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, Royal Bank of Canada raised 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. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $25.17.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 50,000 shares of Atlas Energy Solutions stock in a transaction that occurred 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 transaction, the insider now directly owns 970,738 shares of the company’s stock, valued at approximately $19,385,637.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Kirk Edwards Ginn sold 1,562 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $21.73, for a total transaction of $33,942.26. Following the sale, the insider now directly owns 479,525 shares in the company, valued at $10,420,078.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Stacy Hock sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $19.97, for a total value of $998,500.00. Following the sale, the insider now owns 970,738 shares in the company, valued at $19,385,637.86. The disclosure for this sale can be found here. Insiders have sold a total of 246,860 shares of company stock valued at $5,332,121 in the last three months. Company insiders own 24.34% 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.