Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Gregory M. Shepard purchased 14,347 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average price of $19.57 per share, for a total transaction of $280,770.79. Following the purchase, the insider now directly owns 7,554,653 shares in the company, valued at $147,844,559.21. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Atlas Energy Solutions Stock Performance
Shares of AESI opened at $19.96 on Tuesday. Atlas Energy Solutions Inc. has a 12-month low of $15.55 and a 12-month high of $24.93. The stock has a market cap of $2.19 billion, a P/E ratio of 25.27, a PEG ratio of 10.82 and a beta of 0.70. The company has a current ratio of 1.23, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $20.95 and a two-hundred day moving average of $21.18.
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Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $304.40 million for the quarter, compared to analyst estimates of $307.93 million. During the same quarter last year, the company posted $0.51 EPS. Atlas Energy Solutions's quarterly revenue was up 93.1% compared to the same quarter last year. As a group, research analysts predict that Atlas Energy Solutions Inc. will post 0.8 EPS for the current fiscal year.
Atlas Energy Solutions Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.24 per share. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, November 7th. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 116.46%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on AESI. The Goldman Sachs Group decreased their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Pickering Energy Partners downgraded Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a report on Wednesday, October 30th. Piper Sandler lowered their price objective on shares of Atlas Energy Solutions from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, July 15th. Barclays lowered their target price on shares of Atlas Energy Solutions from $26.00 to $23.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $25.00 price target on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $25.75.
Check Out Our Latest Research Report on Atlas Energy Solutions
Hedge Funds Weigh In On Atlas Energy Solutions
Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. purchased a new stake in Atlas Energy Solutions in the 3rd quarter worth approximately $844,000. Emerald Advisers LLC boosted its stake in Atlas Energy Solutions by 28.4% in the 3rd quarter. Emerald Advisers LLC now owns 10,850 shares of the company's stock worth $237,000 after buying an additional 2,400 shares during the last quarter. Modera Wealth Management LLC acquired a new stake in Atlas Energy Solutions in the 3rd quarter worth about $322,000. Tectonic Advisors LLC grew its holdings in Atlas Energy Solutions by 7.5% in the 3rd quarter. Tectonic Advisors LLC now owns 59,725 shares of the company's stock valued at $1,302,000 after buying an additional 4,187 shares during the period. Finally, Copeland Capital Management LLC increased its stake in shares of Atlas Energy Solutions by 19.8% during the 3rd quarter. Copeland Capital Management LLC now owns 1,884,032 shares of the company's stock valued at $41,072,000 after acquiring an additional 311,228 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company's stock.
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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