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 acquired 13,363 shares of the business’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $19.19 per share, with a total value of $256,435.97. Following the acquisition, the insider now owns 7,619,055 shares in the company, valued at $146,209,665.45. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock opened at $20.63 on Friday. The company’s 50 day simple moving average is $20.89 and its 200-day simple moving average is $21.14. 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 Inc. has a 1 year low of $15.55 and a 1 year high of $24.93. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 11.04 and a beta of 0.69.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings results on Monday, October 28th. The company reported $0.04 EPS 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 for the quarter, compared to analyst estimates of $307.93 million. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 93.1% on a year-over-year basis. As a group, equities research analysts expect that Atlas Energy Solutions Inc. will post 0.8 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be given a $0.24 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Thursday, November 7th. Atlas Energy Solutions’s payout ratio is currently 116.46%.

Institutional Trading of Atlas Energy Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Atlas Energy Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock valued at $104,409,000 after purchasing an additional 33,286 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew 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 in the last quarter. Meridian Wealth Advisors LLC increased its position 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 during the period. Janus Henderson Group PLC raised its stake in shares of Atlas Energy Solutions by 26.9% in the first quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock valued at $57,392,000 after acquiring an additional 537,927 shares in the last quarter. Finally, Whitebox Advisors LLC purchased a new position in Atlas Energy Solutions in the first quarter valued at $49,712,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on AESI shares. Bank of America cut their price target 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. The Goldman Sachs Group lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $21.00 in a report on Thursday. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Barclays reduced their target price on shares of Atlas Energy Solutions from $26.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Benchmark reissued a “buy” rating and issued a $27.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Atlas Energy Solutions has an average rating of “Buy” and an average 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.