Atlas energy solutions sees insider purchase by Gregory Shepard for $35,311

In a recent insider transaction at Atlas (NYSE:ATCO) Energy Solutions Inc. (NYSE:AESI), Gregory M. Shepard, a member of a 10% owner group, acquired 1,797 shares of common stock. The purchase, which took place on October 18, totaled approximately $35,311, with each share priced at $19.65. Following this transaction, Shepard holds a total of 7,507,194 shares in the company. This move reflects ongoing activity in the company's stock by its insiders.

In other recent news, Atlas Energy Solutions has experienced noteworthy developments. The company's Q2 2024 revenues surged by 49% to $288 million, with an adjusted EBITDA of $72 million. Furthermore, the company announced a dividend increase to $0.23 per share. Despite facing operational challenges, Atlas Energy Solutions has made significant strides, including the commissioning of the Dune Express, a 42-mile conveyor system.

The board of Atlas Energy Solutions has expanded from eight to nine members, with CEO John Turner appointed to the new seat. Turner's industry experience and tenure with Atlas Energy Solutions since its inception in 2017 are anticipated to provide valuable insights.

Several analyst firms have maintained positive ratings on Atlas Energy, despite reduced price targets and EBITDA estimates. Citi analyst Scott Gruber maintains a Buy rating, despite lowering the price target to $23.00 from $25.00 due to increased operating costs. Goldman Sachs also reiterated its Buy rating, maintaining a $23.00 price target, anticipating a significant increase in free cash flow by the year 2025. RBC Capital Markets maintained an Outperform rating, despite reducing the stock price target from $27.00 to $26.00, highlighting Atlas Energy's robust growth potential and strong profit margins.

These are recent developments, and it's essential to note that while Atlas Energy Solutions faces near-term challenges, analysts forecast robust growth in the coming years. The company's cost-effective operations and the projected free cash flow surge in 2025 are key factors underpinning these positive ratings.

InvestingPro Insights

Atlas Energy Solutions Inc. (NYSE:AESI) has been showing promising financial performance, which may have influenced Gregory M. Shepard's recent insider purchase. According to InvestingPro data, the company's revenue growth has been robust, with a 77.71% increase in quarterly revenue as of Q2 2024. This aligns with one of the InvestingPro Tips, which indicates that analysts anticipate sales growth in the current year.

The company's profitability is also noteworthy, with a gross profit margin of 43.1% and an operating income margin of 26.22% for the last twelve months. These figures suggest that Atlas Energy Solutions is effectively managing its costs while growing its top line. Another InvestingPro Tip confirms that the company has been profitable over the last twelve months, which could be a factor in Shepard's decision to increase his stake.

Investors might also find Atlas Energy Solutions' dividend yield of 5.12% attractive, especially considering the 70% dividend growth over the last twelve months. This generous dividend policy, combined with the company's solid financial metrics, could be seen as a sign of management's confidence in the firm's future cash flows.

For those interested in a more comprehensive analysis, InvestingPro offers additional insights with 6 more tips available for Atlas Energy Solutions. These extra tips could provide valuable context for understanding the company's potential and risks in greater depth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.