Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Stacy Hock Sells 8,571 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $21.12, for a total transaction of $181,019.52. Following the completion of the transaction, the insider now owns 926,175 shares in the company, valued at approximately $19,560,816. The trade was a 0.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Stacy Hock also recently made the following trade(s):

• On Thursday, October 3rd, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.49, for a total value of $184,190.79.
• On Wednesday, September 11th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $19.44, for a total value of $166,620.24.
• On Monday, August 19th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.22, for a total transaction of $173,305.62.

Atlas Energy Solutions Stock Down 1.5 %

Shares of Atlas Energy Solutions stock opened at $19.95 on Friday. The company has a 50-day simple moving average of $20.94 and a two-hundred day simple moving average of $21.06. The stock has a market capitalization of $2.20 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 11.68 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 has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm 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 firm earned $0.51 earnings per share. Atlas Energy Solutions’s revenue was up 93.1% on a year-over-year basis. On average, analysts anticipate that Atlas Energy Solutions Inc. will post 0.8 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, November 7th. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 4.81%. Atlas Energy Solutions’s dividend payout ratio (DPR) is 121.52%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AESI. Stephens restated an “overweight” rating and issued a $28.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $22.00 in a research report on Thursday. Barclays lowered Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $23.00 to $19.00 in a research report on Tuesday, November 12th. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $21.00 in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.44.

Institutional Investors Weigh In On Atlas Energy Solutions

Several large investors have recently bought and sold shares of AESI. First Horizon Advisors Inc. lifted its stake in Atlas Energy Solutions by 313.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after acquiring an additional 1,308 shares during the period. Amalgamated Bank raised its holdings in shares of Atlas Energy Solutions by 328.1% during the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after purchasing an additional 1,801 shares during the last quarter. Quest Partners LLC bought a new position in Atlas Energy Solutions during the third quarter valued at approximately $48,000. FMR LLC boosted its holdings in Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after purchasing an additional 1,355 shares during the last quarter. Finally, CWM LLC grew its position in Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after purchasing an additional 886 shares during the period. 34.59% of the stock is currently owned by institutional investors.

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.