Benchmark Cuts Atlas Energy Solutions (NYSE:AESI) Price Target to $25.00

Atlas Energy Solutions (NYSE:AESI) had its target price decreased by Benchmark from $28.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

AESI has been the topic of a number of other reports. Raymond James cut Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Royal Bank of Canada raised their price objective on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Stephens increased their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Finally, Bank of America reissued a “neutral” rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Atlas Energy Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $24.83.

Atlas Energy Solutions Trading Down 0.8 %

Atlas Energy Solutions stock opened at $19.38 on Wednesday. The firm has a market cap of $2.14 billion, a PE ratio of 24.53 and a beta of 1.03. Atlas Energy Solutions has a 12 month low of $17.49 and a 12 month high of $26.86. The stock’s 50 day simple moving average is $22.37 and its two-hundred day simple moving average is $21.66. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). The firm had revenue of $271.34 million for 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%. Analysts anticipate that Atlas Energy Solutions will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 5.16%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 126.58%.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $23.95, for a total value of $299,375.00. Following the transaction, the insider now directly owns 419,510 shares of the company’s stock, valued at $10,047,264.50. This trade represents a 2.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $22.55, for a total value of $193,276.05. Following the completion of the sale, the insider now owns 917,604 shares of the company’s stock, valued at $20,691,970.20. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,071 shares of company stock valued at $1,773,251 in the last 90 days. 24.34% of the stock is owned by insiders.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC boosted its position in shares of Atlas Energy Solutions by 62.9% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock valued at $30,000 after acquiring an additional 523 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Atlas Energy Solutions by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock valued at $979,000 after purchasing an additional 711 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Atlas Energy Solutions by 307.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock valued at $31,000 after purchasing an additional 1,047 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Atlas Energy Solutions by 8.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company’s stock valued at $328,000 after buying an additional 1,100 shares during the period. Finally, Quarry LP acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $27,000. 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.