Atlas Energy Solutions (NYSE:AESI) PT Raised to $27.00 at Raymond James

Atlas Energy Solutions (NYSE:AESI) had its target price hoisted by Raymond James from $26.00 to $27.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a strong-buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Barclays increased their target price on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the stock an overweight rating in a research note on Tuesday, March 5th. The Goldman Sachs Group assumed coverage on shares of Atlas Energy Solutions in a report on Thursday, March 14th. They set a buy rating and a $24.00 price target for the company. Finally, Royal Bank of Canada increased their price target on shares of Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an outperform rating in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $25.17.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $22.29 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.44 and a quick ratio of 3.21. Atlas Energy Solutions has a 1 year low of $15.28 and a 1 year high of $24.69. The company has a market capitalization of $2.23 billion and a PE ratio of 14.20. The company has a fifty day moving average of $20.99 and a two-hundred day moving average of $18.93.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.24). Atlas Energy Solutions had a net margin of 17.17% and a return on equity of 47.40%. The company had revenue of $141.14 million during the quarter, compared to analyst estimates of $147.34 million. As a group, analysts expect that Atlas Energy Solutions will post 2.92 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.77%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, February 21st. Atlas Energy Solutions’s dividend payout ratio is 40.76%.

Insider Buying and Selling

In related news, General Counsel Dathan C. Voelter sold 2,270 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $22.41, for a total transaction of $50,870.70. Following the completion of the sale, the general counsel now directly owns 386,601 shares of the company’s stock, valued at approximately $8,663,728.41. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 50,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $19.97, for a total value of $998,500.00. Following the transaction, the insider now owns 970,738 shares in the company, valued at approximately $19,385,637.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Dathan C. Voelter sold 2,270 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $22.41, for a total transaction of $50,870.70. Following the completion of the sale, the general counsel now owns 386,601 shares in the company, valued at approximately $8,663,728.41. The disclosure for this sale can be found here. In the last three months, insiders sold 246,860 shares of company stock valued at $5,332,121. Company insiders own 24.34% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Several institutional investors and hedge funds have recently bought and sold shares of AESI. Royal Bank of Canada raised its stake in Atlas Energy Solutions by 526.7% during the second quarter. Royal Bank of Canada now owns 2,206 shares of the company’s stock worth $37,000 after acquiring an additional 1,854 shares during the period. Tucker Asset Management LLC acquired a new stake in Atlas Energy Solutions during the third quarter worth about $49,000. Russell Investments Group Ltd. acquired a new stake in Atlas Energy Solutions during the second quarter worth about $53,000. Tower Research Capital LLC TRC acquired a new stake in Atlas Energy Solutions during the first quarter worth about $68,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Atlas Energy Solutions during the second quarter worth about $69,000. Institutional investors and hedge funds 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.