Atlas Energy Solutions Inc. (AESI) To Go Ex-Dividend on February 21st

Atlas Energy Solutions Inc. (NYSE:AESI) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors of record on Friday, February 21st will be paid a dividend of 0.25 per share on Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 4.58%. The ex-dividend date is Friday, February 21st. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24.

Atlas Energy Solutions has a payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Atlas Energy Solutions to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 64.0%.

Atlas Energy Solutions Trading Down 0.0 %

NYSE:AESI opened at $21.85 on Friday. Atlas Energy Solutions has a one year low of $17.49 and a one year high of $26.86. The company’s 50-day simple moving average is $22.61 and its 200 day simple moving average is $21.64. The firm has a market capitalization of $2.41 billion, a P/E ratio of 27.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08.

Analysts Set New Price Targets

AESI has been the topic of several recent research reports. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Stephens raised their price target on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price objective on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a report on Friday, December 13th. They set a “neutral” rating and a $23.00 price target on the stock. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the transaction, the insider now directly owns 897,604 shares in the company, valued at approximately $20,196,090. This trade represents a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $23.95, for a total transaction of $299,375.00. Following the transaction, the insider now owns 419,510 shares in the company, valued at $10,047,264.50. This represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,071 shares of company stock worth $2,493,851 in the last ninety days. 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.