Adams Resources & Energy’s (AE) “Neutral” Rating Reiterated at B. Riley

Adams Resources & Energy (NYSE:AE)‘s stock had its “neutral” rating reaffirmed by analysts at B. Riley in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They presently have a $38.00 target price on the stock, down from their previous target price of $45.00. B. Riley’s price target indicates a potential upside of 2.43% from the company’s current price.

Adams Resources & Energy Stock Performance

Shares of AE opened at $37.10 on Wednesday. Adams Resources & Energy has a 52-week low of $22.30 and a 52-week high of $37.90. The stock’s 50-day simple moving average is $26.64 and its 200 day simple moving average is $26.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.97 and a current ratio of 1.06. The stock has a market capitalization of $95.35 million, a price-to-earnings ratio of -11.73 and a beta of 0.79.

Adams Resources & Energy (NYSE:AE) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($1.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($1.20). The firm had revenue of $695.16 million during the quarter, compared to analysts’ expectations of $649.00 million. Adams Resources & Energy had a negative return on equity of 8.00% and a negative net margin of 0.29%. Research analysts forecast that Adams Resources & Energy will post -1.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Adams Resources & Energy

Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its holdings in shares of Adams Resources & Energy by 8.1% in the 1st quarter. Empowered Funds LLC now owns 16,344 shares of the company’s stock valued at $474,000 after acquiring an additional 1,225 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after purchasing an additional 10,977 shares in the last quarter. Wittenberg Investment Management Inc. increased its position in shares of Adams Resources & Energy by 1.6% in the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock worth $576,000 after purchasing an additional 339 shares during the last quarter. Round Hill Asset Management raised its stake in Adams Resources & Energy by 71.6% in the third quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock valued at $620,000 after purchasing an additional 9,587 shares in the last quarter. Finally, Bard Associates Inc. lifted its position in Adams Resources & Energy by 13.1% during the third quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock valued at $336,000 after purchasing an additional 1,443 shares during the last quarter. Institutional investors own 57.81% of the company’s stock.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing.