Atlas Energy Solutions Inc. (NYSE:AESI) Forecasted to Earn Q2 2023 Earnings of $0.68 Per Share

Atlas Energy Solutions Inc. (NYSE:AESI – Get Rating) – Equities research analysts at Capital One Financial upped their Q2 2023 earnings estimates for shares of Atlas Energy Solutions in a research report issued to clients and investors on Monday, May 15th. Capital One Financial analyst D. Becker now anticipates that the company will post earnings of $0.68 per share for the quarter, up from their prior forecast of $0.60. Capital One Financial has a “Overweight” rating and a $25.00 price target on the stock. The consensus estimate for Atlas Energy Solutions’ current full-year earnings is $2.53 per share. Capital One Financial also issued estimates for Atlas Energy Solutions’ Q3 2023 earnings at $0.67 EPS, Q4 2023 earnings at $0.70 EPS and FY2023 earnings at $2.77 EPS.

A number of other equities research analysts have also weighed in on the stock. Citigroup began coverage on shares of Atlas Energy Solutions in a research note on Monday, April 3rd. They set a “buy” rating and a $23.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a research report on Monday, April 3rd. They set a “buy” rating and a $22.00 price objective for the company. Johnson Rice assumed coverage on shares of Atlas Energy Solutions in a research report on Wednesday, April 12th. They set a “buy” rating and a $24.00 price objective for the company. Royal Bank of Canada assumed coverage on shares of Atlas Energy Solutions in a report on Monday, April 3rd. They issued an “outperform” rating and a $25.00 target price for the company. Finally, Bank of America initiated coverage on shares of Atlas Energy Solutions in a report on Monday, April 3rd. They issued a “buy” rating and a $23.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Atlas Energy Solutions has an average rating of “Buy” and an average target price of $24.44.

Atlas Energy Solutions Stock Up 0.2 %

Shares of NYSE AESI opened at $17.50 on Tuesday. The stock has a 50 day moving average price of $17.23. Atlas Energy Solutions has a twelve month low of $15.06 and a twelve month high of $18.95.

Atlas Energy Solutions Dividend Announcement

The company also recently disclosed a None dividend, which will be paid on Monday, May 22nd. Shareholders of record on Monday, May 15th will be paid a $0.15 dividend. This represents a yield of 1.71%. The ex-dividend date is Friday, May 12th.

Insiders Place Their Bets

In other news, Director Douglas G. Rogers acquired 3,000 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was acquired at an average price of $18.00 per share, with a total value of $54,000.00. Following the completion of the purchase, the director now directly owns 3,000 shares in the company, valued at $54,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Douglas G. Rogers purchased 3,000 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was purchased at an average price of $18.00 per share, with a total value of $54,000.00. Following the completion of the purchase, the director now owns 3,000 shares of the company’s stock, valued at approximately $54,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ben M. Brigham purchased 280,000 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were bought at an average cost of $18.00 per share, with a total value of $5,040,000.00. Following the purchase, the insider now directly owns 280,000 shares of the company’s stock, valued at approximately $5,040,000. The disclosure for this purchase can be found here.

Institutional Trading of Atlas Energy Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC purchased a new position in Atlas Energy Solutions during the first quarter valued at approximately $29,289,000. Victory Capital Management Inc. purchased a new position in Atlas Energy Solutions in the first quarter worth $21,980,000. HITE Hedge Asset Management LLC purchased a new position in Atlas Energy Solutions in the first quarter worth $20,436,000. Zimmer Partners LP purchased a new position in Atlas Energy Solutions in the first quarter worth $13,237,000. Finally, Alyeska Investment Group L.P. purchased a new position in Atlas Energy Solutions in the first quarter worth $8,941,000.

About Atlas Energy Solutions

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Atlas Energy Solutions Inc is a provider of proppant and logistics services to customers engaged in the oil and natural gas industry principally within the Permian Basin of West Texas and New Mexico. Atlas Energy Solutions Inc is based in AUSTIN, Texas.