Atlas Energy Solutions Inc. (NYSE:AESI) Short Interest Update

Atlas Energy Solutions Inc. (NYSE:AESIGet Free Report) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 5,170,000 shares, a decline of 6.8% from the February 29th total of 5,550,000 shares. Currently, 16.5% of the shares of the company are short sold. Based on an average trading volume of 795,900 shares, the short-interest ratio is presently 6.5 days.

Insider Activity

In related news, 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 transaction, the executive vice president now owns 132,518 shares in the company, valued at approximately $2,981,655. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, 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 transaction, the executive vice president now owns 132,518 shares in the company, valued at approximately $2,981,655. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Stacy Hock sold 50,000 shares of Atlas Energy Solutions stock in a transaction on Friday, March 8th. The shares were sold at an average price of $19.97, for a total transaction of $998,500.00. Following the transaction, the insider now owns 970,738 shares in the company, valued at approximately $19,385,637.86. The disclosure for this sale can be found here. Insiders sold a total of 246,860 shares of company stock valued at $5,332,121 in the last 90 days. Company insiders own 82.40% of the company’s stock.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of AESI. American International Group Inc. raised its holdings in shares of Atlas Energy Solutions by 8.9% in the fourth quarter. American International Group Inc. now owns 8,848 shares of the company’s stock worth $152,000 after buying an additional 723 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Atlas Energy Solutions by 5.8% in the third quarter. Rhumbline Advisers now owns 23,745 shares of the company’s stock worth $528,000 after acquiring an additional 1,303 shares during the period. Royal Bank of Canada increased its stake in shares of Atlas Energy Solutions by 526.7% in the second quarter. Royal Bank of Canada now owns 2,206 shares of the company’s stock worth $37,000 after acquiring an additional 1,854 shares during the period. Tucker Asset Management LLC acquired a new stake in shares of Atlas Energy Solutions in the third quarter worth $49,000. Finally, Barclays PLC increased its stake in shares of Atlas Energy Solutions by 79.4% in the third quarter. Barclays PLC now owns 5,996 shares of the company’s stock worth $134,000 after acquiring an additional 2,654 shares during the period. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Analyst Upgrades and Downgrades

AESI has been the topic of a number of analyst reports. Barclays lifted their target price on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Royal Bank of Canada boosted their price target 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. Finally, The Goldman Sachs Group began coverage on shares of Atlas Energy Solutions in a research note on Thursday, March 14th. They issued a “buy” rating and a $24.00 price target on the stock. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $25.00.

Check Out Our Latest Stock Analysis on Atlas Energy Solutions

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI opened at $22.62 on Monday. The company has a current ratio of 3.44, a quick ratio of 3.21 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.26 billion and a price-to-earnings ratio of 14.41. The firm’s 50-day moving average is $19.30 and its 200 day moving average is $18.90. Atlas Energy Solutions has a 12 month low of $15.28 and a 12 month high of $24.69.

Atlas Energy Solutions (NYSE:AESIGet Free Report) last issued its 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 company had revenue of $141.14 million during the quarter, compared to the consensus estimate of $147.34 million. Atlas Energy Solutions had a return on equity of 47.40% and a net margin of 17.17%. Research analysts predict that Atlas Energy Solutions will post 2.98 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were given a dividend of $0.21 per share. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, February 21st. This represents a $0.84 dividend on an annualized basis and a yield of 3.71%. Atlas Energy Solutions’s dividend payout ratio is presently 40.76%.

About Atlas Energy Solutions

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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.

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