Atlas Energy Solutions Inc. (NYSE:AESI) Given Average Recommendation of “Buy” by Brokerages

Shares of Atlas Energy Solutions Inc. (NYSE:AESIGet Free Report) have been given an average rating of “Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $26.00.

A number of analysts have issued reports on AESI shares. Raymond James boosted their target price on Atlas Energy Solutions from $26.00 to $27.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 16th. Barclays boosted their target price 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. Royal Bank of Canada upped their price objective on Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group upped their price objective on Atlas Energy Solutions from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Benchmark assumed coverage on Atlas Energy Solutions in a research report on Thursday, May 23rd. They set a “buy” rating and a $27.00 price objective on the stock.

Get Our Latest Stock Analysis on Atlas Energy Solutions

Atlas Energy Solutions Trading Down 7.4 %

AESI opened at $19.97 on Friday. The stock has a market capitalization of $2.00 billion, a PE ratio of 11.09, a P/E/G ratio of 3.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.05 and a current ratio of 2.24. Atlas Energy Solutions has a one year low of $15.55 and a one year high of $24.93. The business’s 50 day moving average price is $22.82 and its 200 day moving average price is $19.96.

Atlas Energy Solutions (NYSE:AESIGet Free Report) last announced its earnings results on Monday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). The firm had revenue of $192.67 million during the quarter, compared to analysts’ expectations of $196.39 million. Atlas Energy Solutions had a net margin of 19.98% and a return on equity of 29.56%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. As a group, equities research analysts expect that Atlas Energy Solutions will post 2.02 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.41%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is 35.56%.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Richard W. Schmidt sold 21,043 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $22.44, for a total value of $472,204.92. Following the completion of the sale, the insider now directly owns 1,119,553 shares of the company’s stock, valued at approximately $25,122,769.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Atlas Energy Solutions news, major shareholder Chad M. Mcever sold 100,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $24.55, for a total value of $2,455,000.00. Following the completion of the sale, the insider now directly owns 451,755 shares of the company’s stock, valued at approximately $11,090,585.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Richard W. Schmidt sold 21,043 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $22.44, for a total transaction of $472,204.92. Following the completion of the sale, the insider now directly owns 1,119,553 shares of the company’s stock, valued at $25,122,769.32. The disclosure for this sale can be found here. Insiders sold a total of 219,703 shares of company stock valued at $5,196,135 in the last ninety days. Corporate insiders own 24.34% of the company’s stock.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of hedge funds have recently made changes to their positions in AESI. Tucker Asset Management LLC acquired a new position in shares of Atlas Energy Solutions in the 3rd quarter valued at $49,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Atlas Energy Solutions in the 1st quarter valued at $78,000. PNC Financial Services Group Inc. boosted its holdings in shares of Atlas Energy Solutions by 1,328.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,571 shares of the company’s stock valued at $124,000 after purchasing an additional 5,181 shares during the last quarter. Barclays PLC boosted its holdings in shares of 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 purchasing an additional 2,654 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new position in shares of Atlas Energy Solutions in the 1st quarter valued at $154,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Company Profile

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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.

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Analyst Recommendations for Atlas Energy Solutions (NYSE:AESI)

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