Atlas Energy Solutions (NYSE:AESI) Given New $14.00 Price Target at Citigroup

Atlas Energy Solutions (NYSE:AESI) had its price objective lowered by Citigroup from $18.00 to $14.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts also recently commented on the company. Piper Sandler dropped their price objective on Atlas Energy Solutions from $22.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Bank of America restated a “neutral” rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday, January 13th. Royal Bank of Canada dropped their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Stephens increased their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Finally, Benchmark dropped their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.81.

Atlas Energy Solutions Price Performance

NYSE AESI opened at $13.32 on Tuesday. The company has a 50 day simple moving average of $15.33 and a 200-day simple moving average of $19.63. 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 $1.62 billion, a price-to-earnings ratio of 16.86 and a beta of 1.34. Atlas Energy Solutions has a 52-week low of $11.76 and a 52-week high of $26.86.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings data on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm had revenue of $297.59 million during the quarter, compared to analyst estimates of $291.13 million. During the same quarter in the prior year, the company posted $0.26 EPS. The company’s quarterly revenue was up 54.5% on a year-over-year basis. Equities research analysts predict that Atlas Energy Solutions will post 0.83 earnings per share for the current fiscal year.

Atlas Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 7.51%. Atlas Energy Solutions’s payout ratio is 322.58%.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 32,155 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the purchase, the insider now directly owns 7,651,210 shares of the company’s stock, valued at approximately $145,679,038.40. This represents a 0.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at $27,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Atlas Energy Solutions by 62.9% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock valued at $30,000 after buying an additional 523 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock valued at $31,000 after buying an additional 1,047 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Atlas Energy Solutions by 1,240.1% in the first quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $35,000 after buying an additional 1,823 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Atlas Energy Solutions by 201.8% in the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock valued at $35,000 after buying an additional 1,316 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.