Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $21.39, for a total value of $427,800.00. Following the completion of the sale, the insider now directly owns 512,010 shares of the company's stock, valued at $10,951,893.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Brian Anthony Leveille also recently made the following trade(s):
- On Tuesday, October 29th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.02, for a total transaction of $210,200.00.
- On Monday, October 14th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.50, for a total value of $205,000.00.
Atlas Energy Solutions Trading Up 0.1 %
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Shares of Atlas Energy Solutions stock opened at $20.63 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The firm has a 50-day moving average of $20.89 and a 200-day moving average of $21.14. Atlas Energy Solutions Inc. has a 52-week low of $15.55 and a 52-week high of $24.93. The stock has a market cap of $2.27 billion, a PE ratio of 26.11, a PEG ratio of 11.04 and a beta of 0.69.
Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share (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 business had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. During the same period in the prior year, the firm earned $0.51 EPS. The business's revenue for the quarter was up 93.1% on a year-over-year basis. As a group, sell-side analysts forecast that Atlas Energy Solutions Inc. will post 0.8 EPS for the current year.
Atlas Energy Solutions Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.24 per share. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Thursday, November 7th. Atlas Energy Solutions's dividend payout ratio is 116.46%.
Analyst Ratings Changes
AESI has been the subject of a number of research analyst reports. Stephens reissued an "overweight" rating and issued a $28.00 target price on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group cut Atlas Energy Solutions from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $23.00 to $21.00 in a research note on Thursday. Bank of America cut their target price on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, July 15th. Finally, Piper Sandler decreased their target price on Atlas Energy Solutions from $29.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Atlas Energy Solutions presently has an average rating of "Buy" and a consensus price target of $25.25.
View Our Latest Stock Report on AESI
Institutional Trading of Atlas Energy Solutions
A number of institutional investors and hedge funds have recently made changes to their positions in AESI. First Horizon Advisors Inc. raised its position in Atlas Energy Solutions by 313.7% during the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company's stock valued at $34,000 after purchasing an additional 1,308 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Atlas Energy Solutions by 328.1% during the second quarter. Amalgamated Bank now owns 2,350 shares of the company's stock worth $47,000 after purchasing an additional 1,801 shares during the last quarter. Quest Partners LLC bought a new position in Atlas Energy Solutions in the 3rd quarter valued at approximately $48,000. CWM LLC boosted its position in Atlas Energy Solutions by 47.1% during the 3rd quarter. CWM LLC now owns 2,766 shares of the company's stock worth $60,000 after buying an additional 886 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Atlas Energy Solutions during the second quarter valued at $74,000. Institutional investors own 34.59% of the company's stock.
Atlas Energy Solutions Company Profile
(
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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