Atlas Energy Solutions (NYSE:AESI – Free Report) had its price objective increased by The Goldman Sachs Group from $25.00 to $28.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.
AESI has been the subject of a number of other reports. Barclays boosted their price objective on Atlas Energy Solutions from $23.00 to $26.00 and gave the stock an overweight rating in a research 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 stock an outperform rating in a research report on Wednesday, February 28th. Raymond James boosted their price objective on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the company a strong-buy rating in a research note on Tuesday, April 16th. Finally, Benchmark began coverage on Atlas Energy Solutions in a report on Thursday, May 23rd. They issued a buy rating and a $27.00 price target for the company. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $26.00.
Get Our Latest Stock Report on Atlas Energy Solutions
Atlas Energy Solutions Stock Up 0.6 %
Shares of NYSE AESI opened at $23.98 on Tuesday. Atlas Energy Solutions has a 12-month low of $15.28 and a 12-month 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 stock has a market cap of $2.40 billion, a PE ratio of 13.32, a P/E/G ratio of 3.76 and a beta of 0.66. The company has a 50-day moving average of $22.92 and a 200 day moving average of $19.58.
Atlas Energy Solutions (NYSE:AESI – Get Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). The business had revenue of $192.67 million for the quarter, compared to analysts’ expectations of $196.39 million. Atlas Energy Solutions had a return on equity of 29.56% and a net margin of 19.98%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. As a group, sell-side analysts predict that Atlas Energy Solutions will post 1.86 EPS 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 given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.67%. Atlas Energy Solutions’s dividend payout ratio is 35.56%.
Insider Activity
In other news, major shareholder Stacy Hock sold 50,000 shares of Atlas Energy Solutions stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $19.97, for a total value of $998,500.00. Following the transaction, the insider now directly owns 970,738 shares of the company’s stock, valued at approximately $19,385,637.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Stacy Hock sold 50,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $19.97, for a total value of $998,500.00. Following the completion of the sale, the insider now owns 970,738 shares of the company’s stock, valued at $19,385,637.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Chad M. Mcever sold 100,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $24.55, for a total value of $2,455,000.00. Following the completion of the sale, the insider now owns 451,755 shares of the company’s stock, valued at approximately $11,090,585.25. The disclosure for this sale can be found here. Insiders sold a total of 443,958 shares of company stock valued at $10,022,109 in the last 90 days. 24.34% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Atlas Energy Solutions
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners raised its position in shares of Atlas Energy Solutions by 33.1% in the 1st quarter. Boston Partners now owns 39,033 shares of the company’s stock valued at $883,000 after purchasing an additional 9,697 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Atlas Energy Solutions in the first quarter worth $1,985,000. California State Teachers Retirement System boosted its stake in Atlas Energy Solutions by 575.2% during the 1st quarter. California State Teachers Retirement System now owns 19,784 shares of the company’s stock valued at $448,000 after acquiring an additional 16,854 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Atlas Energy Solutions by 26.9% during 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. Finally, Whitebox Advisors LLC bought a new stake in shares of Atlas Energy Solutions in the 1st quarter worth about $49,712,000. 34.59% of the stock is owned by hedge funds and other institutional investors.
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.
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