Atlas Energy Solutions Inc. (NYSE:AESI) Given Average Rating of “Hold” by Brokerages

Atlas Energy Solutions Inc. (NYSE:AESI) has earned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.8333.

AESI has been the topic of a number of research analyst reports. Piper Sandler decreased their price objective on shares of Atlas Energy Solutions from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Stifel Nicolaus reduced their price target on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a report on Monday, August 11th.

Atlas Energy Solutions Stock Down 0.1%

AESI stock opened at $11.36 on Thursday. The company has a market cap of $1.41 billion, a P/E ratio of 81.11 and a beta of 1.17. Atlas Energy Solutions has a 52 week low of $10.40 and a 52 week high of $26.86. The company’s 50-day moving average price is $11.72 and its 200 day moving average price is $13.36. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39.

Atlas Energy Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend was Thursday, August 14th. Atlas Energy Solutions’s dividend payout ratio is 714.29%.

Institutional Trading of Atlas Energy Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC purchased a new stake in shares of Atlas Energy Solutions in the second quarter valued at about $25,000. Larson Financial Group LLC lifted its holdings in shares of Atlas Energy Solutions by 201.8% in the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock valued at $35,000 after purchasing an additional 1,316 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Atlas Energy Solutions by 1,240.1% during the first quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $35,000 after buying an additional 1,823 shares in the last quarter. CWM LLC grew its holdings in shares of Atlas Energy Solutions by 244.4% during the second quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after buying an additional 1,586 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Atlas Energy Solutions by 233.5% during the second quarter. Nisa Investment Advisors LLC now owns 2,668 shares of the company’s stock worth $36,000 after buying an additional 1,868 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Company Profile

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.