Atlas Energy Solutions (NYSE:AESI) Issues Earnings Results, Misses Expectations By $0.12 EPS

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

Atlas Energy Solutions Price Performance

Shares of AESI stock traded up $0.02 during trading hours on Wednesday, reaching $22.52. The stock had a trading volume of 204,005 shares, compared to its average volume of 756,625. The stock’s fifty day simple moving average is $22.04 and its 200 day simple moving average is $19.07. The company has a current ratio of 3.44, a quick ratio of 3.21 and a debt-to-equity ratio of 0.20. Atlas Energy Solutions has a 12 month low of $15.28 and a 12 month high of $24.69. The firm has a market capitalization of $2.25 billion, a PE ratio of 14.38, a PEG ratio of 0.54 and a beta of 0.66.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be given a $0.22 dividend. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Wednesday, May 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is 40.76%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, major shareholder Stacy Hock sold 50,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $19.97, for a total transaction of $998,500.00. Following the completion of the transaction, the insider now owns 970,738 shares of the company’s stock, valued at $19,385,637.86. 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 Richard W. Schmidt sold 21,043 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $22.44, for a total transaction of $472,204.92. Following the sale, the insider now owns 1,119,553 shares in the company, valued at $25,122,769.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Stacy Hock sold 50,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $19.97, for a total transaction of $998,500.00. Following the transaction, the insider now directly owns 970,738 shares in the company, valued at $19,385,637.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 246,860 shares of company stock worth $5,332,121. 24.34% of the stock is owned by company insiders.

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.