Gregory M. Shepard Purchases 13,363 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Gregory M. Shepard bought 13,363 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of $19.19 per share, with a total value of $256,435.97. Following the transaction, the insider now directly owns 7,619,055 shares in the company, valued at $146,209,665.45. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlas Energy Solutions Stock Down 2.8 %

AESI stock opened at $20.58 on Friday. 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 $2.26 billion, a P/E ratio of 26.05, a P/E/G ratio of 11.04 and a beta of 0.69. Atlas Energy Solutions Inc. has a 52-week low of $15.55 and a 52-week high of $24.93. The company’s 50 day simple moving average is $20.89 and its 200-day simple moving average is $21.15.

Atlas Energy Solutions (NYSE:AESI) last released its earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $307.93 million. During the same quarter in the previous year, the company earned $0.51 EPS. Atlas Energy Solutions’s revenue for the quarter was up 93.1% on a year-over-year basis. As a group, equities research analysts anticipate that Atlas Energy Solutions Inc. will post 0.8 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be issued a $0.24 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.66%. Atlas Energy Solutions’s dividend payout ratio is currently 116.46%.

Institutional Trading of Atlas Energy Solutions

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Atlas Energy Solutions by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock worth $104,409,000 after buying an additional 33,286 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Atlas Energy Solutions by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company’s stock worth $53,740,000 after acquiring an additional 30,082 shares during the last quarter. Meridian Wealth Advisors LLC raised its holdings in shares of Atlas Energy Solutions by 25.8% during the second quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company’s stock worth $53,362,000 after acquiring an additional 548,620 shares in the last quarter. Janus Henderson Group PLC boosted its position in Atlas Energy Solutions by 26.9% during the first quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock valued at $57,392,000 after purchasing an additional 537,927 shares during the last quarter. Finally, Whitebox Advisors LLC acquired a new stake in Atlas Energy Solutions during the first quarter valued at $49,712,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AESI has been the subject of a number of research analyst reports. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Stephens reiterated an “overweight” rating and set a $28.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Bank of America reduced their target price on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, July 15th. Finally, Piper Sandler decreased their price target on shares of Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $25.25.

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.