Adams Resources & Energy (NYSE:AE) Coverage Initiated at StockNews.com

Research analysts at StockNews.com began coverage on shares of Adams Resources & Energy (NYSE:AE) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the stock.

Separately, B. Riley reissued a “neutral” rating and issued a $38.00 price objective (down previously from $45.00) on shares of Adams Resources & Energy in a research note on Wednesday, November 13th.

Adams Resources & Energy Stock Performance

NYSE AE opened at $37.25 on Friday. The company has a market cap of $95.88 million, a P/E ratio of -11.79 and a beta of 0.87. The business’s 50 day moving average price is $31.92 and its 200-day moving average price is $27.72. Adams Resources & Energy has a fifty-two week low of $22.30 and a fifty-two week high of $37.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04.

Adams Resources & Energy (NYSE:AE) last announced its earnings results on Tuesday, November 12th. The company reported ($1.76) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($1.20). Adams Resources & Energy had a negative net margin of 0.29% and a negative return on equity of 8.14%. The firm had revenue of $695.16 million during the quarter, compared to analysts’ expectations of $649.00 million. Sell-side analysts predict that Adams Resources & Energy will post -2.65 earnings per share for the current year.

Institutional Trading of Adams Resources & Energy

A number of large investors have recently modified their holdings of the company. Cerity Partners LLC increased its position in Adams Resources & Energy by 117.1% during the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock valued at $549,000 after purchasing an additional 10,977 shares during the period. Empowered Funds LLC boosted its stake in shares of Adams Resources & Energy by 5.3% during the third quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after purchasing an additional 938 shares in the last quarter. Wittenberg Investment Management Inc. increased its holdings in Adams Resources & Energy by 1.6% during the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock valued at $576,000 after buying an additional 339 shares during the period. 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 worth $620,000 after buying an additional 9,587 shares in the last quarter. Finally, Bard Associates Inc. lifted its holdings in Adams Resources & Energy by 13.1% during the third quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock worth $336,000 after buying an additional 1,443 shares during the period. Hedge funds and other 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.