Atlas Energy Solutions (NYSE:AESI) Announces Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Atlas Energy Solutions (NYSE:AESI) posted its earnings results on Monday. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12), Briefing.com reports. The firm had revenue of $192.67 million for the quarter, compared to the consensus estimate of $196.39 million. Atlas Energy Solutions had a return on equity of 47.40% and a net margin of 17.17%. The business’s revenue was up 25.6% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS.

Atlas Energy Solutions Price Performance

Shares of Atlas Energy Solutions stock opened at $22.95 on Thursday. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 0.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.21 and a current ratio of 3.44. The company has a fifty day moving average of $22.11 and a 200-day moving average of $19.09. Atlas Energy Solutions has a 52-week low of $15.28 and a 52-week high of $24.69.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be paid a $0.22 dividend. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.83%. Atlas Energy Solutions’s dividend payout ratio is 40.76%.

Insider Buying and Selling at Atlas Energy Solutions

In other news, General Counsel Dathan C. Voelter sold 2,270 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $22.41, for a total value of $50,870.70. Following the completion of the sale, the general counsel now directly owns 386,601 shares of the company’s stock, valued at approximately $8,663,728.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO John Gregory Turner sold 3,728 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $22.58, for a total value of $84,178.24. Following the completion of the transaction, the chief financial officer now directly owns 1,582,303 shares in the company, valued at approximately $35,728,401.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Dathan C. Voelter sold 2,270 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $22.41, for a total transaction of $50,870.70. Following the completion of the transaction, the general counsel now owns 386,601 shares of the company’s stock, valued at $8,663,728.41. The disclosure for this sale can be found here. Insiders sold 246,860 shares of company stock valued at $5,332,121 in the last quarter. Company insiders own 24.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AESI shares. Barclays upped their target price on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Raymond James upped their target price on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 16th. The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a report on Thursday, March 14th. They set a “buy” rating and a $24.00 target price on the stock. Finally, Royal Bank of Canada increased their price target on shares of Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $25.17.

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.