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

StockNews.com initiated coverage on shares of Adams Resources & Energy (NYSE:AE) in a report published on Tuesday morning. The firm issued a buy rating on the stock.

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

Adams Resources & Energy Price Performance

AE stock opened at $37.98 on Tuesday. The firm has a market cap of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The firm’s fifty day moving average is $37.67 and its 200 day moving average is $31.91. Adams Resources & Energy has a 52 week low of $22.30 and a 52 week high of $38.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC raised its holdings in Adams Resources & Energy by 118.5% during the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after buying an additional 1,049 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Adams Resources & Energy in the fourth quarter valued at about $93,000. Millennium Management LLC purchased a new stake in shares of Adams Resources & Energy during the fourth quarter worth about $200,000. Ascension Capital Advisors Inc. purchased a new stake in shares of Adams Resources & Energy during the fourth quarter worth about $201,000. Finally, Net Worth Advisory Group bought a new stake in shares of Adams Resources & Energy in the fourth quarter worth about $209,000. Institutional investors own 57.81% of the company’s stock.

About Adams Resources & Energy

Adams Resources & Energy, Inc engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following segments: crude oil marketing, transportation and storage, tank truck transportation of liquid chemicals, pressurized gases, asphalt and dry bulk, and pipeline transportation, terminalling and storage of crude oil.