Atlas Energy Solutions (NYSE:AESI) Releases Earnings Results

Atlas Energy Solutions (NYSE:AESI) issued its earnings results on Monday. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12), Zacks reports. The company had revenue of $271.34 million during the quarter, compared to analysts’ expectations of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%.

Atlas Energy Solutions Trading Down 5.6 %

Shares of AESI stock opened at $19.46 on Wednesday. Atlas Energy Solutions has a 1 year low of $17.49 and a 1 year high of $26.86. The firm has a market capitalization of $2.14 billion, a PE ratio of 24.63 and a beta of 1.03. The stock has a fifty day moving average of $22.45 and a two-hundred day moving average of $21.69. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.14%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 21st. Atlas Energy Solutions’s dividend payout ratio is 126.58%.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction on Monday, January 27th. The stock was sold at an average price of $24.46, for a total value of $305,750.00. Following the transaction, the insider now directly owns 362,010 shares in the company, valued at $8,854,764.60. The trade was a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Stacy Hock sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $21.96, for a total transaction of $219,600.00. Following the sale, the insider now owns 907,604 shares in the company, valued at $19,930,983.84. This represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,071 shares of company stock worth $1,773,251 in the last 90 days. Corporate insiders own 24.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Barclays raised their price target on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Benchmark upped their price objective on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Stephens lifted their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.50.

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.