Atlas Energy Solutions Inc. (NYSE:AESI) Declares Quarterly Dividend of $0.25

Atlas Energy Solutions Inc. (NYSE:AESI) announced a quarterly dividend on Monday, May 5th, RTT News reports. Stockholders of record on Thursday, May 15th will be given a dividend of 0.25 per share on Thursday, May 22nd. This represents a $1.00 annualized dividend and a dividend yield of 7.50%. The ex-dividend date of this dividend is Thursday, May 15th.

Atlas Energy Solutions has a payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Atlas Energy Solutions to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 66.7%.

Atlas Energy Solutions Trading Up 6.1%

NYSE:AESI opened at $13.34 on Tuesday. The business’s 50-day simple moving average is $15.41 and its 200-day simple moving average is $19.68. Atlas Energy Solutions has a fifty-two week low of $11.76 and a fifty-two week high of $26.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The stock has a market capitalization of $1.62 billion, a PE ratio of 16.77 and a beta of 1.34.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm had revenue of $297.59 million for the quarter, compared to analyst estimates of $291.13 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was up 54.5% on a year-over-year basis. Sell-side analysts expect that Atlas Energy Solutions will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Gregory M. Shepard purchased 32,155 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the purchase, the insider now directly owns 7,651,210 shares of the company’s stock, valued at approximately $145,679,038.40. This represents a 0.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AESI. Bank of America reiterated a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday, January 13th. Royal Bank of Canada decreased their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Barclays reduced their price target on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Stephens upped their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Finally, The Goldman Sachs Group lowered their target price on Atlas Energy Solutions from $22.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.81.

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.