Atlas Energy Solutions (NYSE:AESI) Releases Earnings Results, Misses Estimates By $0.12 EPS

Atlas Energy Solutions (NYSE:AESI) issued its quarterly earnings results on Monday. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12), Zacks reports. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $20.64 on Tuesday. The business’s 50 day simple moving average is $22.51 and its 200 day simple moving average is $21.69. Atlas Energy Solutions has a one year low of $17.49 and a one year high of $26.86. The stock has a market capitalization of $2.27 billion, a PE ratio of 26.12 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.85%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 21st. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 126.58%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AESI shares. Benchmark lifted their target price on Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Bank of America reiterated a “neutral” rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Stephens lifted 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. Barclays lifted their target price on Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Raymond James cut Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $25.50.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Brian Anthony Leveille sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $23.95, for a total value of $299,375.00. Following the sale, the insider now directly owns 419,510 shares in the company, valued at $10,047,264.50. This represents a 2.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Stacy Hock sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $21.96, for a total value of $219,600.00. Following the completion of the sale, the insider now owns 907,604 shares in the company, valued at $19,930,983.84. The trade was a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,071 shares of company stock worth $1,773,251 over the last ninety days. Insiders own 24.34% of the company’s stock.

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.