Atlas Energy Solutions (NYSE:AESI) Price Target Lowered to $25.00 at Royal Bank of Canada

Atlas Energy Solutions (NYSE:AESI) had its price objective trimmed by Royal Bank of Canada from $28.00 to $25.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also weighed in on AESI. Benchmark dropped their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday. Bank of America reiterated a “neutral” rating and set a $22.50 target price on shares of Atlas Energy Solutions in a report on Monday, January 13th. The Goldman Sachs Group assumed coverage on shares of Atlas Energy Solutions in a report on Friday, December 13th. They set a “neutral” rating and a $23.00 target price for the company. Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Finally, Barclays increased their target price on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Atlas Energy Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $24.83.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $19.33 on Wednesday. The company has a 50-day simple moving average of $22.41 and a two-hundred day simple moving average of $21.68. 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 has a 12-month low of $17.49 and a 12-month high of $26.86. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 24.47 and a beta of 1.03.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). The firm had revenue of $271.34 million for the quarter, compared to analysts’ expectations of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. On average, equities analysts forecast that Atlas Energy Solutions will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.25 per share. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.17%. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 126.58%.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $21.96, for a total transaction of $219,600.00. Following the completion of the transaction, the insider now owns 907,604 shares of the company’s stock, valued at approximately $19,930,983.84. This trade represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $23.95, for a total transaction of $299,375.00. Following the transaction, the insider now directly owns 419,510 shares of the company’s stock, valued at $10,047,264.50. This represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,071 shares of company stock valued at $1,773,251. Corporate insiders own 24.34% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC increased its position in shares of Atlas Energy Solutions by 62.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock valued at $30,000 after acquiring an additional 523 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Atlas Energy Solutions by 1.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock valued at $979,000 after acquiring an additional 711 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Atlas Energy Solutions by 307.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock valued at $31,000 after acquiring an additional 1,047 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Atlas Energy Solutions by 8.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company’s stock valued at $328,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at approximately $27,000. Institutional investors own 34.59% of the company’s stock.

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.