Atlas Energy Solutions Inc. (NYSE:AESI) Receives $18.83 Average Target Price from Brokerages

Shares of Atlas Energy Solutions Inc. (NYSE:AESI) have received an average rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $18.8333.

Several research analysts recently weighed in on the company. Piper Sandler dropped their price target on Atlas Energy Solutions from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Stifel Nicolaus dropped their price target on Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a research report on Monday, August 11th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AESI. EverSource Wealth Advisors LLC acquired a new position in Atlas Energy Solutions during the second quarter valued at $25,000. CWM LLC raised its position in Atlas Energy Solutions by 244.4% during the second quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $30,000 after buying an additional 1,586 shares during the period. Fifth Third Bancorp increased its position in Atlas Energy Solutions by 1,240.1% in the 1st quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $35,000 after purchasing an additional 1,823 shares during the last quarter. Larson Financial Group LLC increased its position in Atlas Energy Solutions by 201.8% in the 1st quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock worth $35,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Atlas Energy Solutions in the 2nd quarter worth about $36,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Trading Down 1.1%

Shares of NYSE AESI opened at $11.77 on Thursday. Atlas Energy Solutions has a 12 month low of $10.40 and a 12 month high of $26.86. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 84.04 and a beta of 1.19. The company has a quick ratio of 1.30, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $11.82 and a 200-day simple moving average of $13.39.

Atlas Energy Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend was Thursday, August 14th. Atlas Energy Solutions’s payout ratio is presently 714.29%.

Atlas Energy Solutions Company Profile

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.