NYSE:AESI - Get Free Report ) have received a consensus recommendation of "Buy" from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $25.17.
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A number of research firms recently commented on AESI. Barclays boosted their target price on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the stock an "overweight" rating in a report on Tuesday, March 5th. Raymond James lifted their price objective on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, April 16th. Royal Bank of Canada raised their target price 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. Finally, The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a research note on Thursday, March 14th. They issued a "buy" rating and a $24.00 price objective for the company.
View Our Latest Stock Report on AESI
Atlas Energy Solutions Stock Performance Shares of NYSE AESI traded down $0.05 during midday trading on Monday, hitting $22.67. 19,100 shares of the company's stock were exchanged, compared to its average volume of 753,945. Atlas Energy Solutions has a twelve month low of $15.28 and a twelve month high of $24.69. The firm has a market cap of $2.27 billion, a P/E ratio of 12.62, a PEG ratio of 2.72 and a beta of 0.66. The stock's 50 day moving average price is $22.26 and its 200-day moving average price is $19.13. 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 - Get Free Report ) last posted its quarterly earnings data 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 return on equity of 29.56% and a net margin of 19.98%. The company had revenue of $192.67 million during the quarter, compared to analyst estimates of $196.39 million. During the same period in the previous year, the company earned $0.03 EPS. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. Equities research analysts anticipate that Atlas Energy Solutions will post 2.06 EPS for the current year.
Atlas Energy Solutions Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be paid a $0.22 dividend. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.88 annualized dividend and a dividend yield of 3.88%. Atlas Energy Solutions's payout ratio is presently 35.56%.
Insiders Place Their Bets In related news, major shareholder Richard W. Schmidt sold 21,043 shares of Atlas Energy Solutions stock in a transaction on Monday, March 25th. The shares were sold at an average price of $22.44, for a total value of $472,204.92. Following the completion of the sale, the insider now owns 1,119,553 shares of the company's stock, valued at approximately $25,122,769.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . In related news, major shareholder Stacy Hock sold 50,000 shares of the company's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $19.97, for a total transaction of $998,500.00. Following the completion of the sale, 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 legal filing with the SEC, which is available through this link . Also, major shareholder Richard W. Schmidt sold 21,043 shares of the firm's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $22.44, for a total transaction of $472,204.92. Following the completion of the transaction, the insider now owns 1,119,553 shares in the company, valued at $25,122,769.32. The disclosure for this sale can be found here . Insiders sold 246,860 shares of company stock valued at $5,332,121 over the last ninety days. Corporate insiders own 24.34% of the company's stock.
Institutional Investors Weigh In On Atlas Energy Solutions Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tucker Asset Management LLC acquired a new stake in Atlas Energy Solutions during the third quarter worth about $49,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Atlas Energy Solutions in the 3rd quarter valued at approximately $81,000. PNC Financial Services Group Inc. lifted its holdings in shares of Atlas Energy Solutions by 1,328.5% during the third quarter. PNC Financial Services Group Inc. now owns 5,571 shares of the company's stock valued at $124,000 after acquiring an additional 5,181 shares during the period. Barclays PLC boosted its stake in shares of Atlas Energy Solutions by 79.4% in the 3rd quarter. Barclays PLC now owns 5,996 shares of the company's stock valued at $134,000 after purchasing an additional 2,654 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Atlas Energy Solutions in the 1st quarter worth about $202,000. 34.59% of the stock is owned by institutional investors and hedge funds.
About Atlas Energy Solutions (
Get Free Report 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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