Atlas Energy Solutions (NYSE:AESI) Announces Earnings Results, Misses Expectations By $0.12 EPS

Atlas Energy Solutions (NYSE:AESI) posted its earnings results on Monday. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.12), Briefing.com reports. The firm had revenue of $192.67 million during the quarter, compared to the consensus estimate of $196.39 million. Atlas Energy Solutions had a net margin of 17.17% and a return on equity of 47.40%. Atlas Energy Solutions’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share.

Atlas Energy Solutions Price Performance

Shares of AESI opened at $22.68 on Thursday. The firm has a market cap of $2.27 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 0.54 and a beta of 0.66. Atlas Energy Solutions has a 52-week low of $15.28 and a 52-week high of $24.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.21 and a current ratio of 3.44. The business’s 50 day moving average price is $22.11 and its two-hundred day moving average price is $19.09.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.88 annualized dividend and a yield of 3.88%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.21. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 40.76%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AESI. Raymond James raised 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 report on Tuesday, April 16th. The Goldman Sachs Group assumed coverage on shares of Atlas Energy Solutions in a research note on Thursday, March 14th. They set a “buy” rating and a $24.00 price target for the company. Barclays boosted their price objective on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Finally, Royal Bank of Canada raised their target price 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. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $25.17.

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.