Insider Selling: Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $193,276.05 in Stock

Atlas Energy Solutions Inc. (NYSE:AESIGet Free Report) major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total transaction of $193,276.05. Following the sale, the insider now owns 917,604 shares of the company’s stock, valued at approximately $20,691,970.20. This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Stacy Hock also recently made the following trade(s):

  • On Wednesday, November 13th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.12, for a total transaction of $181,019.52.
  • On Thursday, October 3rd, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.49, for a total transaction of $184,190.79.

Atlas Energy Solutions Price Performance

AESI stock opened at $21.44 on Monday. The company’s 50-day moving average price is $21.47 and its two-hundred day moving average price is $20.96. The firm has a market cap of $2.36 billion, a P/E ratio of 27.14, a P/E/G ratio of 11.53 and a beta of 0.96. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93.

Atlas Energy Solutions (NYSE:AESIGet Free Report) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the prior year, the business posted $0.51 EPS. The business’s revenue was up 93.1% on a year-over-year basis. On average, analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a $0.24 dividend. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. This represents a $0.96 annualized dividend and a dividend yield of 4.48%. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 121.52%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Barclays cut Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $23.00 to $19.00 in a research report on Tuesday, November 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price objective for the company. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Atlas Energy Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.

Check Out Our Latest Stock Analysis on Atlas Energy Solutions

Institutional Trading of Atlas Energy Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. bought a new position in Atlas Energy Solutions in the third quarter valued at about $844,000. Wilmington Savings Fund Society FSB bought a new position in shares of Atlas Energy Solutions in the third quarter worth about $298,000. Ashford Capital Management Inc. boosted its stake in shares of Atlas Energy Solutions by 27.9% in the 3rd quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company’s stock valued at $12,775,000 after purchasing an additional 127,910 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Atlas Energy Solutions by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company’s stock valued at $31,579,000 after purchasing an additional 54,321 shares during the last quarter. Finally, First Sabrepoint Capital Management LP acquired a new position in Atlas Energy Solutions during the 3rd quarter worth approximately $8,066,000. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Company Profile

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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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Insider Buying and Selling by Quarter for Atlas Energy Solutions (NYSE:AESI)

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