Shares of Atlas Energy Solutions Inc. (NYSE:AESI – Get Free Report) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $24.50.
Several equities analysts recently commented on the company. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Citigroup cut shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Finally, Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th.
Read Our Latest Stock Report on AESI
Atlas Energy Solutions Price Performance
Atlas Energy Solutions (NYSE:AESI – Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $307.93 million. During the same quarter in the previous year, the firm earned $0.51 EPS. Atlas Energy Solutions’s quarterly revenue was up 93.1% on a year-over-year basis. On average, equities analysts anticipate that Atlas Energy Solutions will post 0.84 EPS for the current 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 $0.24 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 4.05%. Atlas Energy Solutions’s dividend payout ratio (DPR) is 121.52%.
Insiders Place Their Bets
In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.17, for a total value of $115,850.00. Following the completion of the sale, the insider now directly owns 409,510 shares in the company, valued at $9,488,346.70. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Gregory M. Shepard acquired 13,363 shares of the stock in a transaction on Monday, November 4th. The stock was bought at an average price of $19.19 per share, with a total value of $256,435.97. Following the completion of the acquisition, the insider now directly owns 7,619,055 shares of the company’s stock, valued at $146,209,665.45. This trade represents a 0.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 137,142 shares of company stock worth $3,084,721 over the last three months. Company insiders own 24.34% of the company’s stock.
Hedge Funds Weigh In On Atlas Energy Solutions
A number of institutional investors and hedge funds have recently made changes to their positions in AESI. Rhumbline Advisers increased its stake in shares of Atlas Energy Solutions by 230.1% during the second quarter. Rhumbline Advisers now owns 84,612 shares of the company’s stock valued at $1,686,000 after purchasing an additional 58,981 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Atlas Energy Solutions by 54.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 5,297 shares of the company’s stock valued at $107,000 after acquiring an additional 1,860 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Atlas Energy Solutions by 127.7% during the second quarter. Envestnet Asset Management Inc. now owns 249,826 shares of the company’s stock valued at $4,979,000 after acquiring an additional 140,110 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Atlas Energy Solutions during the second quarter valued at approximately $280,000. Finally, Amalgamated Bank increased its position in shares of Atlas Energy Solutions by 328.1% during the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after acquiring an additional 1,801 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.
About Atlas Energy Solutions
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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