Atlas Energy Solutions (NYSE:AESI – Get Free Report) 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
Check Out Our Latest Analysis on Atlas Energy Solutions
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.
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