Atlas Energy Solutions (NYSE:AESI) Announces Earnings Results

Atlas Energy Solutions (NYSE:AESI) released its quarterly earnings data on Monday. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12), Briefing.com reports. The company had revenue of $192.67 million for the quarter, compared to the consensus estimate of $196.39 million. Atlas Energy Solutions had a return on equity of 47.40% and a net margin of 17.17%. Atlas Energy Solutions’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI traded up $0.39 during mid-day trading on Thursday, reaching $23.07. 66,927 shares of the company were exchanged, compared to its average volume of 755,335. Atlas Energy Solutions has a 52 week low of $15.28 and a 52 week high of $24.69. The company has a quick ratio of 3.21, a current ratio of 3.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.31 billion, a PE ratio of 14.62, a PEG ratio of 0.54 and a beta of 0.66. The company’s 50 day moving average price is $22.11 and its 200 day moving average price is $19.09.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.81%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 40.76%.

Analyst Upgrades and Downgrades

AESI has been the topic of a number of research analyst reports. The Goldman Sachs Group assumed coverage on shares of Atlas Energy Solutions in a research report on Thursday, March 14th. They set a “buy” rating and a $24.00 price objective on the stock. Royal Bank of Canada raised their price target on shares of Atlas Energy Solutions from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Barclays raised their price target on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Finally, Raymond James raised their price target on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 16th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $25.17.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Richard W. Schmidt sold 166,710 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $21.94, for a total value of $3,657,617.40. Following the transaction, the insider now owns 1,140,596 shares in the company, valued at $25,024,676.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 50,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $19.97, for a total value of $998,500.00. Following the sale, the insider now owns 970,738 shares in the company, valued at $19,385,637.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Richard W. Schmidt sold 166,710 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $21.94, for a total transaction of $3,657,617.40. Following the completion of the sale, the insider now owns 1,140,596 shares in the company, valued at approximately $25,024,676.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 246,860 shares of company stock valued at $5,332,121. Insiders own 24.34% of the company’s stock.

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.