Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Recommendation of “Hold” from Analysts

Atlas Energy Solutions Inc. (NYSE:AESI) has been given an average rating of “Hold” by the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $17.3889.

Several brokerages have recently weighed in on AESI. Weiss Ratings reissued a “sell (d+)” rating on shares of Atlas Energy Solutions in a research report on Friday. Citigroup dropped their price objective on shares of Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Barclays dropped their price objective on shares of Atlas Energy Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, October 13th. Piper Sandler dropped their price objective on shares of Atlas Energy Solutions from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 16th. Finally, Stifel Nicolaus dropped their price objective on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a research report on Monday, August 11th.

Hedge Funds Weigh In On Atlas Energy Solutions

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC bought a new position in Atlas Energy Solutions during the second quarter worth about $25,000. CWM LLC increased its position in 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 acquiring an additional 1,586 shares during the period. Fifth Third Bancorp increased its position in 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 acquiring an additional 1,823 shares during the period. Larson Financial Group LLC increased its position in Atlas Energy Solutions by 201.8% during the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock worth $35,000 after acquiring an additional 1,316 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Atlas Energy Solutions during the second quarter worth about $36,000. 34.59% of the stock is owned by institutional investors.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $10.51 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average price is $11.15 and its two-hundred day moving average price is $12.62. Atlas Energy Solutions has a 1 year low of $10.01 and a 1 year high of $26.86. The firm has a market capitalization of $1.30 billion, a P/E ratio of 75.05 and a beta of 1.16.

Atlas Energy Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend was Thursday, August 14th. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 714.29%.

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.