Atlas Energy Solutions (NYSE:AESI) Stock Price Up 4.8% – Time to Buy?

Atlas Energy Solutions Inc. (NYSE:AESI) shot up 4.8% during trading on Wednesday . The company traded as high as $14.11 and last traded at $14.02. Approximately 366,277 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 1,218,157 shares. The stock had previously closed at $13.38.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stephens boosted their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Barclays lowered their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group decreased their price objective on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research note on Wednesday, April 2nd. Finally, Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.94.

Atlas Energy Solutions Stock Up 2.5 %

The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average price of $18.01 and a two-hundred day moving average price of $20.65. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 17.35 and a beta of 1.20.

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

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.25 per share. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 7.29%. Atlas Energy Solutions’s dividend payout ratio (DPR) is 178.57%.

Insiders Place Their Bets

In other news, major shareholder Gregory M. Shepard purchased 32,155 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of $19.04 per share, with a total value of $612,231.20. Following the completion of the transaction, the insider now owns 7,651,210 shares of the company’s stock, valued at $145,679,038.40. The trade was a 0.42 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the sale, the insider now owns 897,604 shares in the company, valued at approximately $20,196,090. The trade was a 1.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock valued at $830,150 in the last 90 days. Corporate insiders own 24.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC boosted its position in shares of Atlas Energy Solutions by 62.9% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after purchasing an additional 523 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Atlas Energy Solutions by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock valued at $979,000 after purchasing an additional 711 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Atlas Energy Solutions by 307.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock worth $31,000 after acquiring an additional 1,047 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Atlas Energy Solutions by 8.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company’s stock valued at $328,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Quarry LP bought a new position in Atlas Energy Solutions during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.