Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Gregory M. Shepard Acquires 8,062 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Gregory M. Shepard acquired 8,062 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was purchased at an average price of $19.84 per share, with a total value of $159,950.08. Following the acquisition, the insider now owns 7,515,256 shares of the company’s stock, valued at $149,102,679.04. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlas Energy Solutions Trading Down 0.7 %

Atlas Energy Solutions stock opened at $19.62 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.53 and a quick ratio of 1.35. Atlas Energy Solutions Inc. has a one year low of $15.55 and a one year high of $24.93. The stock has a market capitalization of $1.96 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 6.47 and a beta of 0.56. The business’s fifty day moving average is $21.00 and its 200 day moving average is $21.34.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings data on Monday, August 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.18). Atlas Energy Solutions had a net margin of 13.71% and a return on equity of 16.75%. The business had revenue of $287.52 million for the quarter, compared to analysts’ expectations of $270.55 million. During the same period last year, the business earned $0.69 earnings per share. The company’s quarterly revenue was up 77.7% on a year-over-year basis. On average, sell-side analysts predict that Atlas Energy Solutions Inc. will post 1.48 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, August 15th. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 4.69%. Atlas Energy Solutions’s dividend payout ratio (DPR) is 51.11%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America decreased their price objective on Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, July 15th. The Goldman Sachs Group reduced their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Benchmark restated a “buy” rating and set a $27.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Piper Sandler reduced their price target on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, July 15th. Finally, Barclays reduced their price target on Atlas Energy Solutions from $26.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $25.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AESI. Goldman Sachs Group Inc. boosted its position in Atlas Energy Solutions by 127.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,136,136 shares of the company’s stock worth $19,564,000 after purchasing an additional 637,249 shares during the last quarter. Diversified Trust Co purchased a new position in Atlas Energy Solutions in the first quarter worth about $209,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Atlas Energy Solutions in the first quarter worth about $307,000. Vest Financial LLC purchased a new position in Atlas Energy Solutions in the first quarter worth about $854,000. Finally, Outfitter Financial LLC boosted its position in Atlas Energy Solutions by 6.4% in the first quarter. Outfitter Financial LLC now owns 36,740 shares of the company’s stock worth $831,000 after purchasing an additional 2,200 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.