Atlas Energy Solutions Inc. (NYSE:AESI) Receives $25.75 Average Price Target from Analysts

Atlas Energy Solutions Inc. (NYSE:AESI) has been given an average recommendation of “Buy” by the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $25.25.

Several analysts have commented on AESI shares. Stephens reissued an “overweight” rating and set a $28.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Piper Sandler lowered their target price on shares of Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, July 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Benchmark reissued a “buy” rating and issued a $27.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Finally, Barclays dropped their target price on Atlas Energy Solutions from $26.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th.

Insider Buying and Selling at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $19.44, for a total value of $166,620.24. Following the transaction, the insider now owns 943,317 shares in the company, valued at approximately $18,338,082.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $19.44, for a total value of $166,620.24. Following the sale, the insider now directly owns 943,317 shares of the company’s stock, valued at approximately $18,338,082.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Gregory M. Shepard purchased 1,797 shares of the business’s stock in a transaction on Friday, October 18th. The shares were bought at an average cost of $19.65 per share, for a total transaction of $35,311.05. Following the completion of the transaction, the insider now directly owns 7,507,194 shares in the company, valued at $147,516,362.10. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 60,869 shares of company stock worth $1,187,983 and have sold 65,713 shares worth $1,367,117. Company insiders own 24.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Beck Capital Management LLC increased its holdings in Atlas Energy Solutions by 0.6% in the second quarter. Beck Capital Management LLC now owns 130,588 shares of the company’s stock valued at $2,603,000 after buying an additional 749 shares in the last quarter. CWM LLC grew its position in shares of Atlas Energy Solutions by 47.1% during the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after acquiring an additional 886 shares during the period. Cetera Investment Advisers increased its stake in shares of Atlas Energy Solutions by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 88,654 shares of the company’s stock valued at $1,767,000 after purchasing an additional 897 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Atlas Energy Solutions by 313.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after purchasing an additional 1,308 shares during the period. Finally, Amalgamated Bank boosted its position in Atlas Energy Solutions by 328.1% during the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after purchasing an additional 1,801 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $20.63 on Monday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 11.04 and a beta of 0.69. Atlas Energy Solutions has a 52-week low of $15.55 and a 52-week high of $24.93. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $20.89 and its 200 day moving average is $21.14.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). The company had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company’s revenue was up 93.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, sell-side analysts anticipate that Atlas Energy Solutions will post 0.8 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be paid a $0.24 dividend. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a yield of 4.65%. Atlas Energy Solutions’s dividend payout ratio (DPR) is 116.46%.

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.