Atlas Energy Solutions Inc. (NYSE:AESI) Given Consensus Rating of “Buy” by Analysts

Shares of Atlas Energy Solutions Inc. (NYSE:AESIGet Free Report) have received an average recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $26.00.

Several brokerages have weighed in on AESI. Benchmark began coverage on Atlas Energy Solutions in a research report on Thursday, May 23rd. They issued a “buy” rating and a $27.00 target price on the stock. Raymond James upped their target price on Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 16th. Barclays increased their price objective on Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Royal Bank of Canada increased their price objective on Atlas Energy Solutions from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group increased their price objective on Atlas Energy Solutions from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, May 28th.

Read Our Latest Stock Analysis on Atlas Energy Solutions

Atlas Energy Solutions Stock Down 1.1 %

NYSE:AESI opened at $21.85 on Friday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 3.19 and a beta of 0.73. Atlas Energy Solutions has a 1-year low of $15.55 and a 1-year high of $24.93. The company has a current ratio of 2.24, a quick ratio of 2.05 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $23.01 and its 200 day moving average price is $19.81.

Atlas Energy Solutions (NYSE:AESIGet Free Report) last issued its earnings results on Monday, May 6th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.12). Atlas Energy Solutions had a return on equity of 29.56% and a net margin of 19.98%. The firm had revenue of $192.67 million during the quarter, compared to analyst estimates of $196.39 million. During the same period in the previous year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, sell-side analysts forecast that Atlas Energy Solutions will post 2.02 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were paid a dividend of $0.22 per share. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 15th. This represents a $0.88 annualized dividend and a yield of 4.03%. Atlas Energy Solutions’s dividend payout ratio is presently 35.56%.

Insiders Place Their Bets

In other news, EVP Jeffrey L. Allison sold 1,547 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $22.50, for a total value of $34,807.50. Following the completion of the transaction, the executive vice president now owns 132,518 shares in the company, valued at approximately $2,981,655. The sale was disclosed in a filing with the SEC, which is available at this link. In other Atlas Energy Solutions news, major shareholder Chad M. Mcever sold 100,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $24.55, for a total transaction of $2,455,000.00. Following the sale, the insider now directly owns 451,755 shares of the company’s stock, valued at $11,090,585.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey L. Allison sold 1,547 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $22.50, for a total value of $34,807.50. Following the sale, the executive vice president now directly owns 132,518 shares in the company, valued at $2,981,655. The disclosure for this sale can be found here. In the last quarter, insiders sold 393,958 shares of company stock worth $9,023,609. 24.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Atlas Energy Solutions by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock worth $104,409,000 after acquiring an additional 33,286 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Atlas Energy Solutions by 26.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock worth $57,392,000 after acquiring an additional 537,927 shares in the last quarter. Whitebox Advisors LLC acquired a new position in shares of Atlas Energy Solutions in the 1st quarter worth approximately $49,712,000. Clearbridge Investments LLC boosted its holdings in shares of Atlas Energy Solutions by 38.2% in the 1st quarter. Clearbridge Investments LLC now owns 2,305,271 shares of the company’s stock worth $52,145,000 after acquiring an additional 636,785 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC boosted its holdings in shares of Atlas Energy Solutions by 0.7% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 1,825,839 shares of the company’s stock worth $41,300,000 after acquiring an additional 12,300 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

About Atlas Energy Solutions

(Get Free Report

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.

Read More

Analyst Recommendations for Atlas Energy Solutions (NYSE:AESI)

Receive News & Ratings for Atlas Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Energy Solutions and related companies with MarketBeat.com's FREE daily email newsletter.