Brokerages Set Atlas Energy Solutions Inc. (NYSE:AESI) Target Price at $25.00

Atlas Energy Solutions Inc. (NYSE:AESIGet Free Report) has received an average rating of “Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $25.00.

A number of equities analysts recently commented on the company. Barclays lifted their price objective on Atlas Energy Solutions from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a research note on Thursday, March 14th. They issued a “buy” rating and a $24.00 price objective on the stock. Finally, Royal Bank of Canada lifted their target price on Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th.

View Our Latest Stock Report on Atlas Energy Solutions

Atlas Energy Solutions Stock Down 0.8 %

Shares of NYSE AESI opened at $22.20 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.21 and a current ratio of 3.44. Atlas Energy Solutions has a 52 week low of $15.28 and a 52 week high of $24.69. The stock has a market capitalization of $2.22 billion and a P/E ratio of 14.14. The stock’s fifty day moving average is $18.94 and its 200 day moving average is $18.92.

Atlas Energy Solutions (NYSE:AESIGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). The business had revenue of $141.14 million during the quarter, compared to analyst estimates of $147.34 million. Atlas Energy Solutions had a net margin of 17.17% and a return on equity of 47.40%. Sell-side analysts forecast that Atlas Energy Solutions will post 2.98 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.78%. Atlas Energy Solutions’s dividend payout ratio is currently 40.76%.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 50,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $19.97, for a total transaction of $998,500.00. Following the completion of the sale, the insider now directly owns 970,738 shares in the company, valued at approximately $19,385,637.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 50,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $19.97, for a total value of $998,500.00. Following the completion of the sale, the insider now owns 970,738 shares in the company, valued at approximately $19,385,637.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John Gregory Turner sold 3,728 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $22.58, for a total value of $84,178.24. Following the completion of the sale, the chief financial officer now owns 1,582,303 shares of the company’s stock, valued at approximately $35,728,401.74. The disclosure for this sale can be found here. Insiders sold 225,817 shares of company stock worth $4,859,916 in the last ninety days. 82.40% of the stock is owned by company insiders.

Institutional Trading of Atlas Energy Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Atlas Energy Solutions by 180.5% in the 4th quarter. Vanguard Group Inc. now owns 4,582,507 shares of the company’s stock worth $78,911,000 after purchasing an additional 2,948,611 shares in the last quarter. Villere ST Denis J & Co. LLC boosted its stake in shares of Atlas Energy Solutions by 258.0% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 1,813,539 shares of the company’s stock worth $31,229,000 after buying an additional 1,306,900 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Atlas Energy Solutions in the 4th quarter worth $27,963,000. Encompass Capital Advisors LLC boosted its stake in shares of Atlas Energy Solutions by 5.5% in the 2nd quarter. Encompass Capital Advisors LLC now owns 1,370,955 shares of the company’s stock worth $23,800,000 after buying an additional 70,955 shares during the last quarter. Finally, Meridian Wealth Advisors LLC purchased a new position in shares of Atlas Energy Solutions in the 4th quarter worth $21,795,000. 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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