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

Atlas Energy Solutions (NYSE:AESI) posted its earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12), Zacks reports. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $271.34 million during the quarter, compared to analyst estimates of $272.94 million.

Atlas Energy Solutions Price Performance

NYSE:AESI opened at $19.46 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The company has a 50-day moving average of $22.45 and a 200-day moving average of $21.69. Atlas Energy Solutions has a 52 week low of $17.49 and a 52 week high of $26.86. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 24.63 and a beta of 1.03.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.25 dividend. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.14%. Atlas Energy Solutions’s dividend payout ratio is currently 126.58%.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.17, for a total transaction of $115,850.00. Following the completion of the transaction, the insider now directly owns 409,510 shares of the company’s stock, valued at approximately $9,488,346.70. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Stacy Hock sold 10,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the sale, the insider now owns 897,604 shares in the company, valued at $20,196,090. This represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,071 shares of company stock valued at $1,773,251 over the last quarter. 24.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AESI has been the subject of a number of recent research reports. Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Royal Bank of Canada upped their target price on Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. 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. Benchmark upped their price objective on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

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.