Recent Research Analysts’ Ratings Updates for Atlas Energy Solutions (AESI)

Atlas Energy Solutions (NYSE: AESI) recently received a number of ratings updates from brokerages and research firms:

• 11/12/2024 – Atlas Energy Solutions was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $19.00 price target on the stock, down previously from $23.00.
• 11/7/2024 – Atlas Energy Solutions was downgraded by analysts at The Goldman Sachs Group, Inc. from a “buy” rating to a “neutral” rating. They now have a $21.00 price target on the stock, down previously from $23.00.
• 10/30/2024 – Atlas Energy Solutions had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $25.00 price target on the stock.
• 10/30/2024 – Atlas Energy Solutions was downgraded by analysts at Pickering Energy Partners from an “outperform” rating to a “neutral” rating.
• 10/16/2024 – Atlas Energy Solutions had its price target lowered by analysts at Barclays PLC from $26.00 to $23.00. They now have an “overweight” rating on the stock.
• 10/11/2024 – Atlas Energy Solutions had its price target lowered by analysts at Royal Bank of Canada from $26.00 to $25.00. They now have an “outperform” rating on the stock.

Atlas Energy Solutions Trading Down 2.4 %

Shares of AESI stock traded down $0.52 during mid-day trading on Tuesday, reaching $21.49. 1,134,719 shares of the stock traded hands, compared to its average volume of 895,639. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 11.42 and a beta of 0.69. Atlas Energy Solutions Inc. has a 1-year low of $15.55 and a 1-year high of $24.93. The stock’s fifty day simple moving average is $20.90 and its two-hundred day simple moving average is $21.11. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). The business had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm’s quarterly revenue was up 93.1% on a year-over-year basis. During the same period last year, the business posted $0.51 earnings per share. On average, research analysts anticipate 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. Stockholders of record on Thursday, November 7th will be issued a $0.24 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.96 annualized dividend and a dividend yield of 4.47%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio is presently 121.52%.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.22, for a total value of $173,305.62. Following the transaction, the insider now owns 951,888 shares in the company, valued at approximately $19,247,175.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $20.22, for a total transaction of $173,305.62. Following the sale, the insider now directly owns 951,888 shares in the company, valued at $19,247,175.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.50, for a total value of $205,000.00. Following the completion of the sale, the insider now directly owns 542,010 shares in the company, valued at $11,111,205. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 60,869 shares of company stock worth $1,187,983 and sold 65,713 shares worth $1,367,117. 24.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its stake in Atlas Energy Solutions by 313.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after acquiring an additional 1,308 shares in the last quarter. Amalgamated Bank boosted its position in shares of Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after purchasing an additional 1,801 shares in the last quarter. Quest Partners LLC purchased a new stake in Atlas Energy Solutions during the 3rd quarter worth approximately $48,000. CWM LLC increased its position in shares of Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after acquiring an additional 886 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Atlas Energy Solutions during the second quarter worth about $74,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.