Atlas Energy Solutions (AESI) Scheduled to Post Earnings on Monday

Atlas Energy Solutions (NYSE:AESI) is scheduled to be releasing its earnings data before the market opens on Monday, May 6th. Analysts expect Atlas Energy Solutions to post earnings of $0.43 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Atlas Energy Solutions (NYSE:AESI) last released its earnings results on Tuesday, February 27th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). Atlas Energy Solutions had a net margin of 17.17% and a return on equity of 47.40%. The firm had revenue of $141.14 million during the quarter, compared to analysts’ expectations of $147.34 million. On average, analysts expect Atlas Energy Solutions to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Atlas Energy Solutions Stock Up 0.1 %

Shares of AESI opened at $21.97 on Friday. The stock has a 50 day moving average price of $21.90 and a 200 day moving average price of $19.05. Atlas Energy Solutions has a one year low of $15.28 and a one year high of $24.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.21 and a current ratio of 3.44. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.55 and a beta of 0.66.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Wednesday, February 21st. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.20. Atlas Energy Solutions’s payout ratio is 40.76%.

Insider Activity at Atlas Energy Solutions

In other news, CFO John Gregory Turner sold 3,728 shares of Atlas Energy Solutions stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $22.58, for a total transaction of $84,178.24. Following the sale, the chief financial officer now owns 1,582,303 shares in the company, valued at $35,728,401.74. 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, major shareholder Stacy Hock sold 50,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $19.97, for a total transaction of $998,500.00. Following the completion of the sale, the insider now directly owns 970,738 shares of the company’s stock, valued at approximately $19,385,637.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Gregory Turner sold 3,728 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $22.58, for a total value of $84,178.24. Following the sale, the chief financial officer now owns 1,582,303 shares of the company’s stock, valued at approximately $35,728,401.74. The disclosure for this sale can be found here. Insiders have sold 246,860 shares of company stock valued at $5,332,121 over the last quarter. 24.34% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on AESI. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a report on Thursday, March 14th. They issued a “buy” rating and a $24.00 price target for the company. Barclays raised their price target on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Royal Bank of Canada boosted their price objective on shares of Atlas Energy Solutions from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Finally, Raymond James boosted their target price on Atlas Energy Solutions from $26.00 to $27.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 16th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $25.17.

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.