Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total transaction of $193,276.05. Following the completion of the sale, the insider now owns 917,604 shares of the company's stock, valued at $20,691,970.20. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Stacy Hock also recently made the following trade(s):
Shares of AESI stock traded up $0.05 during mid-day trading on Friday, hitting $21.38. 332,157 shares of the company's stock were exchanged, compared to its average volume of 961,416. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 11.53 and a beta of 0.96. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $24.93. The stock has a 50-day simple moving average of $21.44 and a two-hundred day simple moving average of $20.98.
Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.25). The company had revenue of $304.40 million for the quarter, compared to analysts' expectations of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business's revenue for the quarter was up 93.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. Equities analysts expect that Atlas Energy Solutions Inc. will post 0.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a $0.24 dividend. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 4.49%. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions's dividend payout ratio is currently 121.52%.
A number of research analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a report on Friday, December 13th. They issued a "neutral" rating and a $23.00 price objective on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a report on Wednesday, October 30th. Citigroup lowered shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Finally, Barclays cut Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $23.00 to $19.00 in a report on Tuesday, November 12th. Four research 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.67.
View Our Latest Stock Analysis on AESI
Several hedge funds and other institutional investors have recently bought and sold shares of AESI. First Horizon Advisors Inc. lifted its stake in Atlas Energy Solutions by 313.7% in the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company's stock valued at $34,000 after buying an additional 1,308 shares during the last quarter. Amalgamated Bank grew its position in Atlas Energy Solutions by 328.1% in the second quarter. Amalgamated Bank now owns 2,350 shares of the company's stock worth $47,000 after buying an additional 1,801 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Atlas Energy Solutions during the third quarter valued at $48,000. FMR LLC lifted its position in shares of 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 acquiring an additional 1,355 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Atlas Energy Solutions by 47.1% in the third quarter. CWM LLC now owns 2,766 shares of the company's stock worth $60,000 after purchasing an additional 886 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.
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.
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