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

Atlas Energy Solutions (NYSE:AESI) had its price target decreased by Royal Bank of Canada from $28.00 to $25.00 in a research report sent to investors on Wednesday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Stephens lifted their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Citigroup cut shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. The Goldman Sachs Group began coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They set a “neutral” rating and a $23.00 price target on the stock. Barclays lifted their price target on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Finally, Benchmark dropped their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.83.

Atlas Energy Solutions Trading Down 0.5 %

Shares of AESI stock opened at $19.33 on Wednesday. Atlas Energy Solutions has a 12-month low of $17.49 and a 12-month high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $22.41 and its 200 day moving average is $21.68. The stock has a market capitalization of $2.13 billion, a P/E ratio of 24.47 and a beta of 1.03.

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

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.25 per share. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend 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 payout ratio is 126.58%.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction on Monday, January 27th. The shares were sold at an average price of $24.46, for a total value of $305,750.00. Following the sale, the insider now directly owns 362,010 shares in the company, valued at approximately $8,854,764.60. The trade was a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction 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 sale, the insider now owns 907,604 shares in the company, valued at approximately $19,930,983.84. This represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,071 shares of company stock worth $1,773,251. 24.34% of the stock is owned by corporate insiders.

Institutional Trading of Atlas Energy Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new stake in Atlas Energy Solutions in the 4th quarter valued at $27,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of Atlas Energy Solutions by 62.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after buying an additional 523 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Atlas Energy Solutions by 307.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock worth $31,000 after buying an additional 1,047 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Atlas Energy Solutions by 191.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock worth $43,000 after buying an additional 1,276 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Atlas Energy Solutions in the 3rd quarter worth about $48,000. 34.59% of the stock is currently owned by institutional investors.

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.