Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have been assigned an average rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $25.17.

A number of equities analysts have issued reports on AESI shares. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research report on Thursday, March 14th. They issued a “buy” rating and a $24.00 target price on the stock. Royal Bank of Canada upped their target price on Atlas Energy Solutions from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. 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. Finally, Raymond James upped their price target 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.

Insider Activity at Atlas Energy Solutions

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 sale, the insider now directly owns 970,738 shares of the company’s stock, valued at $19,385,637.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 sale, the insider now directly owns 970,738 shares of the company’s stock, valued at $19,385,637.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Dathan C. Voelter sold 2,270 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $22.41, for a total value of $50,870.70. Following the completion of the sale, the general counsel now directly owns 386,601 shares in the company, valued at $8,663,728.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 246,860 shares of company stock valued at $5,332,121. Corporate insiders own 24.34% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Several large investors have recently added to or reduced their stakes in AESI. IFP Advisors Inc acquired a new stake in Atlas Energy Solutions in the third quarter worth $359,000. B & T Capital Management DBA Alpha Capital Management bought a new position in shares of Atlas Energy Solutions in the third quarter worth $7,112,000. Villere ST Denis J & Co. LLC bought a new position in shares of Atlas Energy Solutions in the third quarter worth $11,263,000. Outfitter Financial LLC bought a new position in shares of Atlas Energy Solutions in the third quarter worth $670,000. Finally, Tectonic Advisors LLC bought a new position in shares of Atlas Energy Solutions in the third quarter worth $730,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Performance

Shares of AESI opened at $22.47 on Thursday. The business’s 50 day moving average is $21.18 and its two-hundred day moving average is $18.91. Atlas Energy Solutions has a 52-week low of $15.28 and a 52-week high of $24.69. The firm has a market cap of $2.25 billion and a price-to-earnings ratio of 14.32. The company has a quick ratio of 3.21, a current ratio of 3.44 and a debt-to-equity ratio of 0.20.

Atlas Energy Solutions (NYSE:AESI) last announced its earnings results on Tuesday, February 27th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). Atlas Energy Solutions had a net margin of 17.17% and a return on equity of 47.40%. The business had revenue of $141.14 million during the quarter, compared to analyst estimates of $147.34 million. Analysts forecast that Atlas Energy Solutions will post 2.92 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were given a dividend of $0.21 per share. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Wednesday, February 21st. Atlas Energy Solutions’s dividend payout ratio is currently 40.76%.

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.