Atlas Energy Solutions (NYSE:AESI) Receives New Coverage from Analysts at Tudor, Pickering, Holt & Co.

Tudor, Pickering, Holt & Co. started coverage on shares of Atlas Energy Solutions (NYSE:AESI) in a research note published on Monday, MarketBeat Ratings reports. The firm issued a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Benchmark initiated coverage on Atlas Energy Solutions in a research report on Thursday, May 23rd. They issued a buy rating and a $27.00 target price on the stock. The Goldman Sachs Group increased their price objective on Atlas Energy Solutions from $25.00 to $28.00 and gave the company a buy rating in a report on Tuesday, May 28th. Royal Bank of Canada lifted their target price on Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an outperform rating in a report on Wednesday, February 28th. Raymond James increased their price target on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a strong-buy rating in a report on Tuesday, April 16th. Finally, Barclays lifted their price objective on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the company an overweight rating in a research note on Tuesday, March 5th. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Atlas Energy Solutions presently has a consensus rating of Buy and a consensus target price of $26.00.

Atlas Energy Solutions Price Performance

Shares of AESI opened at $19.78 on Monday. The company has a 50 day moving average of $22.14 and a two-hundred day moving average of $20.13. The company has a quick ratio of 2.05, a current ratio of 2.24 and a debt-to-equity ratio of 0.43. Atlas Energy Solutions has a twelve month low of $15.55 and a twelve month high of $24.93. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 2.93 and a beta of 0.73.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). Atlas Energy Solutions had a return on equity of 29.56% and a net margin of 19.98%. The business had revenue of $192.67 million during the quarter, compared to analyst estimates of $196.39 million. During the same period in the previous year, the business earned $0.03 EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, analysts predict that Atlas Energy Solutions will post 2.02 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.45%. The ex-dividend date was Wednesday, May 15th. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.21. Atlas Energy Solutions’s dividend payout ratio is currently 35.56%.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Chad M. Mcever sold 100,000 shares of Atlas Energy Solutions stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $24.55, for a total value of $2,455,000.00. Following the completion of the transaction, the insider now owns 451,755 shares of the company’s stock, valued at $11,090,585.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Stacy Hock sold 8,574 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $19.76, for a total value of $169,422.24. Following the completion of the sale, the insider now directly owns 969,030 shares in the company, valued at $19,148,032.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Chad M. Mcever sold 100,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $24.55, for a total value of $2,455,000.00. Following the transaction, the insider now owns 451,755 shares in the company, valued at approximately $11,090,585.25. The disclosure for this sale can be found here. Insiders sold a total of 205,672 shares of company stock valued at $4,859,410 in the last three months. 24.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of large investors have recently added to or reduced their stakes in AESI. Vanguard Group Inc. lifted its position in shares of Atlas Energy Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock valued at $104,409,000 after acquiring an additional 33,286 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Atlas Energy Solutions by 26.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock valued at $57,392,000 after purchasing an additional 537,927 shares in the last quarter. Whitebox Advisors LLC acquired a new stake in Atlas Energy Solutions during the 1st quarter worth $49,712,000. Clearbridge Investments LLC grew its holdings in shares of Atlas Energy Solutions by 38.2% during the first quarter. Clearbridge Investments LLC now owns 2,305,271 shares of the company’s stock worth $52,145,000 after buying an additional 636,785 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC raised its position in shares of Atlas Energy Solutions by 0.7% in the first quarter. Villere ST Denis J & Co. LLC now owns 1,825,839 shares of the company’s stock valued at $41,300,000 after buying an additional 12,300 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.