Atlas Energy Solutions Inc. (NYSE:AESI) Declares Quarterly Dividend of $0.25

Atlas Energy Solutions Inc. (NYSE:AESI) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.25 per share on Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 4.56%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24.

Atlas Energy Solutions has a dividend payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Atlas Energy Solutions to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 64.0%.

Atlas Energy Solutions Stock Performance

Shares of Atlas Energy Solutions stock opened at $21.91 on Thursday. The business has a 50-day simple moving average of $22.62 and a 200 day simple moving average of $21.64. Atlas Energy Solutions has a one year low of $17.49 and a one year high of $26.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 27.73 and a beta of 1.03.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 5,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.17, for a total value of $115,850.00. Following the transaction, the insider now owns 409,510 shares of the company’s stock, valued at approximately $9,488,346.70. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Stacy Hock sold 10,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the sale, the insider now directly owns 897,604 shares of the company’s stock, valued at approximately $20,196,090. This represents a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,071 shares of company stock valued at $2,493,851. Corporate insiders own 24.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AESI shares. Barclays boosted their price objective on Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Royal Bank of Canada lifted their price target on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Stephens upped their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Citigroup downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Atlas Energy Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

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.