Adams Resources & Energy (NYSE:AE) Issues Earnings Results

Adams Resources & Energy (NYSE:AE) released its quarterly earnings data on Tuesday. The company reported ($1.76) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($1.20), Zacks reports. The firm had revenue of $695.16 million for the quarter, compared to analyst estimates of $649.00 million. Adams Resources & Energy had a negative return on equity of 8.00% and a negative net margin of 0.29%.

Adams Resources & Energy Trading Up 0.1 %

Shares of NYSE AE traded up $0.02 during midday trading on Thursday, reaching $37.07. The stock had a trading volume of 3,606 shares, compared to its average volume of 8,922. The company’s 50 day moving average price is $26.64 and its 200 day moving average price 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. Adams Resources & Energy has a twelve month low of $22.30 and a twelve month high of $37.90. The firm has a market cap of $95.27 million, a price-to-earnings ratio of -11.73 and a beta of 0.79.

Adams Resources & Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, December 6th. Adams Resources & Energy’s payout ratio is presently -30.38%.

Wall Street Analyst Weigh In

Separately, B. Riley reiterated a “neutral” rating and issued a $38.00 price target (down from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday.

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.