Atlas Energy Solutions (NYSE:AESI) PT Lowered to $25.00 at The Goldman Sachs Group

Atlas Energy Solutions (NYSE:AESI) had its price objective lowered by The Goldman Sachs Group from $28.00 to $25.00 in a research note issued to investors on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on the company. Tudor Pickering raised Atlas Energy Solutions to a strong-buy rating in a research note on Monday, June 24th. Piper Sandler reduced their price objective on Atlas Energy Solutions from $29.00 to $27.00 and set an overweight rating for the company in a research note on Monday, July 15th. Tudor, Pickering, Holt & Co. assumed coverage on Atlas Energy Solutions in a research note on Monday, June 24th. They set a buy rating for the company. Stephens reissued an overweight rating and set a $28.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Finally, Benchmark reissued a buy rating and set a $27.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $26.25.

Atlas Energy Solutions Trading Up 0.4 %

Shares of AESI opened at $21.09 on Thursday. The company has a market capitalization of $2.11 billion, a P/E ratio of 11.72, a P/E/G ratio of 5.92 and a beta of 0.56. Atlas Energy Solutions has a one year low of $15.55 and a one year high of $24.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 1.53. The stock has a 50-day moving average price of $20.34 and a 200 day moving average price of $21.26.

Atlas Energy Solutions (NYSE:AESI) last released its earnings results on Monday, August 5th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). The firm had revenue of $287.52 million for the quarter, compared to the consensus estimate of $270.55 million. Atlas Energy Solutions had a return on equity of 16.75% and a net margin of 13.71%. The company’s quarterly revenue was up 77.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. Sell-side analysts forecast that Atlas Energy Solutions will post 1.48 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.36%. The ex-dividend date was Thursday, August 15th. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.22. Atlas Energy Solutions’s payout ratio is 51.11%.

Insider Buying and Selling

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 transaction of $169,422.24. Following the completion of the sale, the insider now owns 969,030 shares in the company, valued at approximately $19,148,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Gregory M. Shepard acquired 40,872 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was acquired at an average price of $19.64 per share, for a total transaction of $802,726.08. Following the transaction, the insider now directly owns 7,445,069 shares in the company, valued at $146,221,155.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $169,422.24. Following the completion of the sale, the insider now owns 969,030 shares of the company’s stock, valued at approximately $19,148,032.80. The disclosure for this sale can be found here. In the last quarter, insiders purchased 134,526 shares of company stock worth $2,611,884 and sold 25,716 shares worth $513,205. 24.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Atlas Energy Solutions

A number of large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in Atlas Energy Solutions by 131.9% in the 4th quarter. Russell Investments Group Ltd. now owns 128,694 shares of the company’s stock worth $2,216,000 after purchasing an additional 73,202 shares during the period. Pekin Hardy Strauss Inc. acquired a new position in Atlas Energy Solutions in the 4th quarter worth $346,000. Charles Schwab Investment Management Inc. boosted its stake in Atlas Energy Solutions by 154.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 336,324 shares of the company’s stock worth $5,791,000 after purchasing an additional 204,176 shares during the period. Meridian Wealth Advisors LLC acquired a new position in Atlas Energy Solutions in the 4th quarter worth $21,795,000. Finally, Outfitter Financial LLC boosted its stake in Atlas Energy Solutions by 14.6% in the 4th quarter. Outfitter Financial LLC now owns 34,540 shares of the company’s stock worth $595,000 after purchasing an additional 4,400 shares during the period. Institutional investors own 34.59% 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.