Analysts Set Atlas Energy Solutions Inc. (NYSE:AESI) Price Target at $24.50

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Atlas Energy Solutions Inc. (NYSE:AESI – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $24.50.

A number of research analysts have issued reports on AESI shares. Raymond James lowered shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Citigroup downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday, January 13th.

Check Out Our Latest Research Report on Atlas Energy Solutions

Insider Buying and Selling at Atlas Energy Solutions

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In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard bought 23,300 shares of Atlas Energy Solutions stock in a transaction dated Thursday, October 24th. The stock was acquired at an average cost of $19.55 per share, for a total transaction of $455,515.00. Following the completion of the transaction, the insider now directly owns 7,540,306 shares of the company’s stock, valued at approximately $147,412,982.30. This represents a 0.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.02, for a total transaction of $210,200.00. Following the completion of the sale, the insider now owns 532,010 shares of the company’s stock, valued at $11,182,850.20. This trade represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 51,010 shares of company stock valued at $992,722 and have sold 137,142 shares valued at $3,084,721. Insiders own 24.34% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of hedge funds have recently modified their holdings of AESI. B & T Capital Management DBA Alpha Capital Management increased its position in Atlas Energy Solutions by 0.8% during the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 351,565 shares of the company’s stock worth $7,798,000 after purchasing an additional 2,834 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Atlas Energy Solutions by 9.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 33,733 shares of the company’s stock worth $748,000 after purchasing an additional 3,044 shares during the last quarter. JPMorgan Chase & Co. increased its position in Atlas Energy Solutions by 324.3% during the third quarter. JPMorgan Chase & Co. now owns 194,494 shares of the company’s stock worth $4,240,000 after purchasing an additional 148,655 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Atlas Energy Solutions during the third quarter valued at about $844,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Atlas Energy Solutions during the third quarter valued at about $298,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Price Performance

Shares of AESI opened at $24.20 on Friday. The company has a 50 day moving average price of $22.48 and a 200-day moving average price of $21.32. Atlas Energy Solutions has a fifty-two week low of $16.15 and a fifty-two week high of $25.38. The stock has a market capitalization of $2.67 billion, a PE ratio of 30.64, a PEG ratio of 5.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI – Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.25). The firm had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company’s revenue was up 93.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 EPS. Equities analysts predict that Atlas Energy Solutions will post 0.87 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.97%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, November 7th. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 121.52%.

Atlas Energy Solutions Company Profile

(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.