Atlas Energy Solutions (NYSE:AESI) Research Coverage Started at Tudor, Pickering, Holt & Co.

Tudor, Pickering, Holt & Co. started coverage on shares of Atlas Energy Solutions (NYSE:AESI) in a research report released on Monday, MarketBeat Ratings reports. The firm issued a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Benchmark initiated coverage on shares of Atlas Energy Solutions in a research report on Thursday, May 23rd. They set a buy rating and a $27.00 price target on the stock. Raymond James boosted their price target on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a strong-buy rating in a research note on Tuesday, April 16th. The Goldman Sachs Group upped their price objective on Atlas Energy Solutions from $25.00 to $28.00 and gave the stock a buy rating in a research report on Tuesday, May 28th. Royal Bank of Canada boosted their target price on Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an outperform rating in a research note on Wednesday, February 28th. Finally, Barclays increased their price target on Atlas Energy Solutions from $23.00 to $26.00 and gave the company an overweight rating in a research report on Tuesday, March 5th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Atlas Energy Solutions currently has a consensus rating of Buy and a consensus target price of $26.00.

Atlas Energy Solutions Trading Down 2.9 %

Shares of AESI stock opened at $19.61 on Monday. Atlas Energy Solutions has a 1-year low of $15.55 and a 1-year high of $24.93. The firm has a market cap of $1.96 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 2.93 and a beta of 0.73. The company has a 50-day moving average of $22.19 and a two-hundred day moving average of $20.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.24 and a quick ratio of 2.05.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, May 6th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.12). Atlas Energy Solutions had a net margin of 19.98% and a return on equity of 29.56%. The company had revenue of $192.67 million during the quarter, compared to analyst estimates of $196.39 million. During the same quarter last year, the business posted $0.03 EPS. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, analysts predict that Atlas Energy Solutions will post 2.02 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were given a dividend of $0.22 per share. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend was Wednesday, May 15th. Atlas Energy Solutions’s dividend payout ratio is currently 35.56%.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Richard W. Schmidt sold 51,150 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $22.98, for a total value of $1,175,427.00. Following the completion of the transaction, the insider now directly owns 1,051,663 shares of the company’s stock, valued at $24,167,215.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,574 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $19.76, for a total value of $169,422.24. Following the completion of the transaction, the insider now owns 969,030 shares in the company, valued at $19,148,032.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Richard W. Schmidt sold 51,150 shares of Atlas Energy Solutions stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $22.98, for a total value of $1,175,427.00. Following the sale, the insider now owns 1,051,663 shares in the company, valued at approximately $24,167,215.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 205,672 shares of company stock valued at $4,859,410. Corporate insiders own 24.34% of the company’s stock.

Institutional Trading of Atlas Energy Solutions

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Atlas Energy Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock valued at $104,409,000 after buying an additional 33,286 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Atlas Energy Solutions by 26.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock valued at $57,392,000 after acquiring an additional 537,927 shares during the period. Whitebox Advisors LLC purchased a new stake in Atlas Energy Solutions in the 1st quarter valued at $49,712,000. Clearbridge Investments LLC boosted its stake in Atlas Energy Solutions by 38.2% during the 1st quarter. Clearbridge Investments LLC now owns 2,305,271 shares of the company’s stock worth $52,145,000 after purchasing an additional 636,785 shares during the period. Finally, Villere ST Denis J & Co. LLC grew its position in Atlas Energy Solutions by 0.7% during the 1st quarter. Villere ST Denis J & Co. LLC now owns 1,825,839 shares of the company’s stock worth $41,300,000 after purchasing an additional 12,300 shares during the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

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.