Brian Anthony Leveille, a member of the 10% owner group at Atlas (NYSE:ATCO) Energy Solutions Inc. (NYSE:AESI), recently sold 5,000 shares of the company's common stock. The company, with a market capitalization of $2.5 billion, has shown impressive momentum with a 40% gain year-to-date, according to InvestingPro data. The transaction took place on December 16, with shares sold at a price of $23.17 each, totaling $115,850. Following this sale, Leveille holds 409,510 shares directly. InvestingPro analysis suggests the stock is currently undervalued, with several positive indicators including strong profitability and growth prospects. Discover detailed valuation metrics and 7 additional key insights with InvestingPro's comprehensive research report, available among 1,400+ deep-dive company analyses.
In other recent news, Atlas Energy Solutions has been the focus of several analyst actions. Goldman Sachs initiated coverage on the company with a Neutral rating and a price target of $23.00, emphasizing Atlas Energy's 4.4% dividend yield as an attractive feature for income-focused investors. Despite this, the firm does not foresee a significant increase in the dividend in the near term.
In contrast, Citi downgraded Atlas Energy's stock from Buy to Neutral due to concerns over the company's financial forecasts, particularly in its sand production segment. Similarly, Barclays (LON:BARC) downgraded Atlas Energy's stock from Overweight to Equalweight, reducing the price target to $19.00. This decision was based on a lower projected EBITDA for 2025, mainly centered around the company's Dune Express conveyor system.
Despite these downgrades, Atlas Energy reported a 6% quarterly increase in revenue, reaching $304 million, and announced a dividend increase to $0.24 per share. The company also launched a $200 million share repurchase program, signaling its confidence in its financial health. These are the most recent developments for Atlas Energy Solutions.
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