Atlas Energy Solutions (AESI) Set to Announce Quarterly Earnings on Monday

Atlas Energy Solutions (NYSE:AESI) will be issuing its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). The business had revenue of $141.14 million for the quarter, compared to analyst estimates of $147.34 million. Atlas Energy Solutions had a return on equity of 47.40% and a net margin of 17.17%. On average, analysts expect Atlas Energy Solutions to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Atlas Energy Solutions Trading Up 0.1 %

Shares of Atlas Energy Solutions stock opened at $21.97 on Friday. Atlas Energy Solutions has a 1 year low of $15.28 and a 1 year high of $24.69. The company’s fifty day simple moving average is $21.90 and its 200-day simple moving average is $19.04. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.54 and a beta of 0.66. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.82%. Atlas Energy Solutions’s dividend payout ratio is 40.76%.

Analyst Ratings Changes

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

Insider Activity

In related news, major shareholder Richard W. Schmidt sold 166,710 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $21.94, for a total value of $3,657,617.40. Following the sale, the insider now owns 1,140,596 shares of the company’s stock, valued at approximately $25,024,676.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Atlas Energy Solutions news, major shareholder Richard W. Schmidt sold 166,710 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $21.94, for a total value of $3,657,617.40. Following the completion of the sale, the insider now owns 1,140,596 shares in the company, valued at approximately $25,024,676.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey L. Allison sold 1,547 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $22.50, for a total transaction of $34,807.50. Following the completion of the transaction, the executive vice president now owns 132,518 shares of the company’s stock, valued at approximately $2,981,655. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 246,860 shares of company stock worth $5,332,121. Company insiders own 24.34% 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.