Stacy Hock Sells 10,000 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 10,000 shares of the business’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 sale, the insider now directly owns 907,604 shares in the company, valued at $19,930,983.84. This trade represents a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, December 18th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $22.55, for a total transaction of $193,276.05.
• On Wednesday, November 13th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.12, for a total value of $181,019.52.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock opened at $23.95 on Thursday. 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 company has a fifty day simple moving average of $22.29 and a 200-day simple moving average of $21.22. The stock has a market cap of $2.64 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 11.53 and a beta of 1.03. Atlas Energy Solutions Inc. has a 12-month low of $15.55 and a 12-month high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $304.40 million for the quarter, compared to analysts’ expectations of $307.93 million. During the same period last year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 93.1% on a year-over-year basis. Equities analysts expect that Atlas Energy Solutions Inc. will post 0.88 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders 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. This represents a $0.96 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Thursday, November 7th. Atlas Energy Solutions’s dividend payout ratio is currently 121.52%.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AESI. Stifel Financial Corp grew its position in shares of Atlas Energy Solutions by 28.6% in the 3rd quarter. Stifel Financial Corp now owns 126,667 shares of the company’s stock valued at $2,761,000 after buying an additional 28,158 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Atlas Energy Solutions by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock valued at $11,305,000 after acquiring an additional 25,999 shares during the last quarter. Ashford Capital Management Inc. boosted its stake in Atlas Energy Solutions by 27.9% in the third quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company’s stock valued at $12,775,000 after acquiring an additional 127,910 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Atlas Energy Solutions during the third quarter worth about $844,000. Finally, State Street Corp increased its position in shares of Atlas Energy Solutions by 15.0% during the third quarter. State Street Corp now owns 1,751,059 shares of the company’s stock worth $38,173,000 after purchasing an additional 227,776 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays lowered Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $23.00 to $19.00 in a research note on Tuesday, November 12th. Bank of America reissued a “neutral” rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research report on Monday. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Finally, Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Atlas Energy Solutions Company Profile

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.