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

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

Atlas Energy Solutions (NYSE:AESI) 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). 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 during the quarter, compared to analysts’ expectations 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 Price Performance

AESI stock opened at $23.43 on Monday. The firm’s 50-day moving average price is $21.50 and its two-hundred day moving average price is $18.97. Atlas Energy Solutions has a 12-month low of $15.28 and a 12-month high of $24.69. The stock has a market capitalization of $2.34 billion and a price-to-earnings ratio of 14.92. The company has a current ratio of 3.44, a quick ratio of 3.21 and a debt-to-equity ratio of 0.20.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were given a $0.21 dividend. 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 dividend yield of 3.59%. Atlas Energy Solutions’s payout ratio is presently 40.76%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AESI shares. Royal Bank of Canada boosted their price objective on shares of Atlas Energy Solutions from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Raymond James boosted 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 research report on Tuesday, April 16th. The Goldman Sachs Group started coverage on shares of Atlas Energy Solutions in a research report on Thursday, March 14th. They issued a “buy” rating and a $24.00 price objective on the stock. Finally, Barclays boosted their price objective on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Atlas Energy Solutions currently has an average rating of “Buy” and an average price target of $25.17.

Insider Activity at Atlas Energy Solutions

In related news, 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 transaction, the insider now owns 970,738 shares in the company, valued at $19,385,637.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, General Counsel Dathan C. Voelter sold 2,270 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $22.41, for a total transaction of $50,870.70. Following the sale, the general counsel now owns 386,601 shares of the company’s stock, valued at $8,663,728.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Stacy Hock sold 50,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $19.97, for a total transaction of $998,500.00. Following the sale, the insider now directly owns 970,738 shares in the company, valued at approximately $19,385,637.86. The disclosure for this sale can be found here. Insiders have sold 246,860 shares of company stock worth $5,332,121 over the last 90 days. 24.34% of the stock is owned by company insiders.

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.