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

Shares of Atlas Energy Solutions Inc. (NYSE:AESIGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.28.

AESI has been the subject of a number of research reports. Citigroup decreased their target price on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Stifel Nicolaus initiated coverage on shares of Atlas Energy Solutions in a research note on Wednesday, May 21st. They set a “buy” rating and a $15.00 target price for the company. Royal Bank Of Canada decreased their target price on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. The Goldman Sachs Group decreased their target price on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, Benchmark decreased their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th.

View Our Latest Stock Analysis on AESI

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $14.41 on Tuesday. Atlas Energy Solutions has a twelve month low of $11.76 and a twelve month high of $26.86. The firm has a market cap of $1.78 billion, a P/E ratio of 46.49 and a beta of 1.14. The company has a 50 day moving average of $13.45 and a 200 day moving average of $18.04. The company has a quick ratio of 1.40, a current ratio of 1.62 and a debt-to-equity ratio of 0.38.

Atlas Energy Solutions (NYSE:AESIGet Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). The firm had revenue of $297.59 million during the quarter, compared to analysts’ expectations of $291.13 million. Atlas Energy Solutions had a return on equity of 4.99% and a net margin of 2.96%. Atlas Energy Solutions’s revenue was up 54.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. As a group, research analysts expect that Atlas Energy Solutions will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend was Thursday, May 15th. Atlas Energy Solutions’s payout ratio is 322.58%.

Insider Activity

In other news, Chairman Ben M. Brigham bought 9,635 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was bought at an average price of $13.38 per share, with a total value of $128,916.30. Following the acquisition, the chairman now owns 572,397 shares of the company’s stock, valued at approximately $7,658,671.86. This represents a 1.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas G. Rogers bought 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $13.27 per share, with a total value of $92,890.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $132,700. This trade represents a 233.33% increase in their position. The disclosure for this purchase can be found here. Insiders own 15.98% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. First Hawaiian Bank boosted its holdings in Atlas Energy Solutions by 5.2% in the 1st quarter. First Hawaiian Bank now owns 55,252 shares of the company’s stock worth $986,000 after buying an additional 2,748 shares during the period. Rhumbline Advisers boosted its holdings in Atlas Energy Solutions by 12.1% in the 1st quarter. Rhumbline Advisers now owns 191,071 shares of the company’s stock worth $3,409,000 after buying an additional 20,662 shares during the period. Belpointe Asset Management LLC bought a new position in Atlas Energy Solutions in the 1st quarter worth $442,000. SCS Capital Management LLC bought a new position in Atlas Energy Solutions in the 1st quarter worth $467,000. Finally, Yaupon Capital Management LP bought a new position in Atlas Energy Solutions in the 1st quarter worth $5,798,000. Institutional investors 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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