Atlas Energy Solutions (NYSE:AESI) Announces Earnings Results, Misses Estimates By $0.25 EPS

Atlas Energy Solutions (NYSE:AESI) posted its quarterly earnings results on Monday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25), Briefing.com reports. The company had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a return on equity of 16.75% and a net margin of 13.71%. Atlas Energy Solutions’s revenue was up 93.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share.

Atlas Energy Solutions Trading Up 0.4 %

NYSE:AESI traded up $0.09 during midday trading on Wednesday, reaching $20.46. 119,634 shares of the stock traded hands, compared to its average volume of 882,334. The stock has a market capitalization of $2.25 billion, a P/E ratio of 25.78, a PEG ratio of 6.47 and a beta of 0.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 1.53. The company has a fifty day moving average of $21.00 and a 200 day moving average of $21.24. Atlas Energy Solutions has a 12 month low of $15.55 and a 12 month high of $24.93.

Atlas Energy Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Thursday, November 7th. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 116.46%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America cut their price objective on Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, July 15th. Barclays dropped their price objective on shares of Atlas Energy Solutions from $26.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada reduced their target price on Atlas Energy Solutions from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. The Goldman Sachs Group dropped their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Pickering Energy Partners cut Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of “Buy” and an average target price of $25.75.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $19.44, for a total value of $166,620.24. Following the completion of the sale, the insider now owns 943,317 shares in the company, valued at approximately $18,338,082.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Gregory M. Shepard acquired 1,797 shares of the stock in a transaction on Friday, October 18th. The stock was acquired at an average cost of $19.65 per share, for a total transaction of $35,311.05. Following the completion of the acquisition, the insider now directly owns 7,507,194 shares of the company’s stock, valued at approximately $147,516,362.10. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $19.44, for a total value of $166,620.24. Following the sale, the insider now directly owns 943,317 shares in the company, valued at approximately $18,338,082.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 33,159 shares of company stock worth $650,776 and have sold 35,713 shares worth $729,117. Corporate insiders own 24.34% 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.