Stacy Hock Sells 8,571 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $22.55, for a total transaction of $193,276.05. Following the transaction, the insider now directly owns 917,604 shares in the company, valued at approximately $20,691,970.20. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Stacy Hock also recently made the following trade(s):

• On Wednesday, November 13th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.12, for a total transaction of $181,019.52.
• On Thursday, October 3rd, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.49, for a total value of $184,190.79.

Atlas Energy Solutions Stock Performance

AESI stock opened at $21.44 on Friday. The firm has a 50 day simple moving average of $21.47 and a 200 day simple moving average of $20.97. Atlas Energy Solutions Inc. has a 52 week low of $15.55 and a 52 week high of $24.93. The stock has a market cap of $2.36 billion, a P/E ratio of 27.14, a P/E/G ratio of 11.53 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI) last issued its earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $304.40 million for the quarter, compared to analyst estimates of $307.93 million. During the same period last year, the business earned $0.51 EPS. The company’s quarterly revenue was up 93.1% on a year-over-year basis. Research analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 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, November 14th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.24 per share. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.48%. Atlas Energy Solutions’s dividend payout ratio is currently 121.52%.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its holdings in shares of Atlas Energy Solutions by 313.7% during the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after buying an additional 1,308 shares during the last quarter. Amalgamated Bank increased its position in Atlas Energy Solutions by 328.1% during the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after acquiring an additional 1,801 shares during the period. Quest Partners LLC acquired a new position in Atlas Energy Solutions during the 3rd quarter valued at $48,000. FMR LLC boosted its holdings in Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after purchasing an additional 1,355 shares during the period. Finally, CWM LLC grew its position in Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after purchasing an additional 886 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Citigroup cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $22.00 in a research note on Thursday, November 14th. The Goldman Sachs Group assumed coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Finally, Barclays downgraded Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $23.00 to $19.00 in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

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.