Atlas Energy Solutions (NYSE:AESI) Issues Earnings Results, Misses Expectations By $0.12 EPS

Atlas Energy Solutions (NYSE:AESI) posted its quarterly earnings results on Monday. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.12), Briefing.com reports. Atlas Energy Solutions had a return on equity of 47.40% and a net margin of 17.17%. The business had revenue of $192.67 million during the quarter, compared to analyst estimates of $196.39 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $22.68 on Thursday. The firm has a market cap of $2.27 billion, a P/E ratio of 14.45, a PEG ratio of 0.54 and a beta of 0.66. 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 fifty-two week low of $15.28 and a fifty-two week high of $24.69. The stock’s 50-day moving average is $22.11 and its two-hundred day moving average is $19.09.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be given a dividend of $0.22 per share. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.88%. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 40.76%.

Analysts Set New Price Targets

AESI has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research report on Thursday, March 14th. They set a “buy” rating and a $24.00 target price on the stock. Barclays lifted 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 report on Tuesday, March 5th. Raymond James lifted their price objective on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada raised their target price on Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $25.17.

Insider Activity

In other news, General Counsel Dathan C. Voelter sold 2,270 shares of the firm’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 transaction, the general counsel now owns 386,601 shares in the company, valued at approximately $8,663,728.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Atlas Energy Solutions news, EVP Jeffrey L. Allison sold 1,547 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $22.50, for a total value of $34,807.50. Following the sale, the executive vice president now owns 132,518 shares of the company’s stock, valued at approximately $2,981,655. The transaction was disclosed in a legal filing 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 that occurred on Friday, March 15th. The stock was sold at an average price of $22.41, for a total value of $50,870.70. Following the transaction, the general counsel now owns 386,601 shares of the company’s stock, valued at $8,663,728.41. The disclosure for this sale can be found here. Insiders sold a total of 246,860 shares of company stock worth $5,332,121 in the last three months. 24.34% of the stock is owned by insiders.

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.