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

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

Atlas Energy Solutions Stock Down 0.4 %

Atlas Energy Solutions stock opened at $20.29 on Wednesday. The business has a fifty day moving average price of $21.00 and a 200-day moving average price of $21.24. Atlas Energy Solutions has a 1-year low of $15.55 and a 1-year high of $24.93. The stock has a market capitalization of $2.23 billion, a price-to-earnings 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 current ratio of 1.53 and a quick ratio of 1.35.

Atlas Energy Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.96 annualized dividend and a dividend yield of 4.73%. Atlas Energy Solutions’s dividend payout ratio is presently 116.46%.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $18,338,082.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 943,317 shares of the company’s stock, valued at approximately $18,338,082.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.50, for a total transaction of $205,000.00. Following the sale, the insider now directly owns 542,010 shares in the company, valued at $11,111,205. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 33,159 shares of company stock worth $650,776 and sold 35,713 shares worth $729,117. 24.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AESI. Royal Bank of Canada decreased their price target on shares of Atlas Energy Solutions from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Pickering Energy Partners cut Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday. Bank of America cut their price target on Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. The Goldman Sachs Group reduced their price objective on shares of 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, Piper Sandler dropped their target price on 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. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of “Buy” and an average target price of $25.75.

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.