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

Atlas Energy Solutions (NYSE:AESI) is scheduled to announce its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Atlas Energy Solutions (NYSE:AESI) last announced its earnings results on Tuesday, February 27th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.24). Atlas Energy Solutions had a return on equity of 47.40% and a net margin of 17.17%. The business had revenue of $141.14 million for the quarter, compared to analyst estimates of $147.34 million. 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 1.2 %

Shares of AESI opened at $23.43 on Monday. Atlas Energy Solutions has a 52-week low of $15.28 and a 52-week high of $24.69. The company has a quick ratio of 3.21, a current ratio of 3.44 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $21.50 and its two-hundred day moving average is $18.97. The stock has a market cap of $2.34 billion and a PE ratio of 14.92.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.59%. The ex-dividend date was Wednesday, February 21st. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.20. Atlas Energy Solutions’s payout ratio is 40.76%.

Analyst Upgrades and Downgrades

AESI has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a research note on Thursday, March 14th. They set a “buy” rating and a $24.00 target price on the stock. Royal Bank of Canada lifted 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 note on Wednesday, February 28th. Barclays lifted their price target 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, Raymond James lifted their price target on Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 16th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Atlas Energy Solutions has an average rating of “Buy” and a consensus target price of $25.17.

Insider Transactions at Atlas Energy Solutions

In other news, major shareholder Richard W. Schmidt sold 21,043 shares of Atlas Energy Solutions stock in a transaction on Monday, March 25th. The stock was sold at an average price of $22.44, for a total transaction of $472,204.92. Following the transaction, the insider now owns 1,119,553 shares in the company, valued at approximately $25,122,769.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Richard W. Schmidt sold 21,043 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $22.44, for a total value of $472,204.92. Following the sale, the insider now directly owns 1,119,553 shares in the company, valued at approximately $25,122,769.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Stacy Hock sold 50,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $19.97, for a total transaction of $998,500.00. Following the completion of the sale, the insider now owns 970,738 shares in the company, valued at $19,385,637.86. The disclosure for this sale can be found here. Insiders have sold a total of 246,860 shares of company stock worth $5,332,121 in the last quarter. 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.