Atlas Energy Solutions (NYSE:AESI) Given New $19.00 Price Target at Barclays

Atlas Energy Solutions (NYSE:AESI) had its price objective lowered by Barclays from $23.00 to $19.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

AESI has been the topic of several other reports. Stephens raised 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. Citigroup cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They issued a “neutral” rating and a $23.00 target price on the stock. Benchmark decreased their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, Bank of America reaffirmed a “neutral” rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.39.

Atlas Energy Solutions Stock Down 2.0 %

Shares of Atlas Energy Solutions stock opened at $17.49 on Monday. Atlas Energy Solutions has a twelve month low of $17.02 and a twelve month high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 22.14 and a beta of 1.03. The business’s 50 day simple moving average is $22.17 and its 200-day simple moving average is $21.66.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $271.34 million during the quarter, compared to analyst estimates of $272.94 million. Equities research analysts forecast that Atlas Energy Solutions will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 5.72%. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 178.57%.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard acquired 32,155 shares of Atlas Energy Solutions stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $19.04 per share, with a total value of $612,231.20. Following the purchase, the insider now directly owns 7,651,210 shares in the company, valued at $145,679,038.40. The trade was a 0.42 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.17, for a total value of $115,850.00. Following the completion of the sale, the insider now owns 409,510 shares of the company’s stock, valued at $9,488,346.70. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,571 shares of company stock valued at $1,473,876 in the last three months. 24.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds have recently modified their holdings of the business. Ashford Capital Management Inc. lifted its holdings in shares of Atlas Energy Solutions by 36.1% in the fourth quarter. Ashford Capital Management Inc. now owns 797,675 shares of the company’s stock valued at $17,692,000 after purchasing an additional 211,675 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Atlas Energy Solutions by 135.0% in the fourth quarter. Squarepoint Ops LLC now owns 68,880 shares of the company’s stock valued at $1,528,000 after purchasing an additional 39,570 shares in the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of Atlas Energy Solutions by 44.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 24,470 shares of the company’s stock valued at $543,000 after purchasing an additional 7,587 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Atlas Energy Solutions by 40.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 290,319 shares of the company’s stock worth $6,439,000 after acquiring an additional 83,843 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Atlas Energy Solutions by 58.4% during the fourth quarter. ProShare Advisors LLC now owns 20,330 shares of the company’s stock worth $451,000 after acquiring an additional 7,492 shares in the last quarter. Hedge funds and other institutional investors own 34.59% 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.