Adams Resources & Energy (NYSE:AE – Get Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.
Separately, Singular Research reiterated a “buy” rating on shares of Adams Resources & Energy in a research note on Thursday, March 28th.
Get Our Latest Stock Report on AE
Adams Resources & Energy Trading Up 1.1 %
Adams Resources & Energy (NYSE:AE – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.17. Adams Resources & Energy had a negative return on equity of 4.02% and a net margin of 0.06%. The company had revenue of $661.05 million during the quarter, compared to analysts’ expectations of $555.03 million. On average, research analysts anticipate that Adams Resources & Energy will post -0.53 EPS for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Adams Resources & Energy stock. Empowered Funds LLC boosted its stake in shares of Adams Resources & Energy, Inc. (NYSE:AE – Free Report) by 8.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,344 shares of the company’s stock after acquiring an additional 1,225 shares during the quarter. Empowered Funds LLC owned 0.64% of Adams Resources & Energy worth $474,000 at the end of the most recent reporting period. Institutional investors own 57.81% of the company’s stock.
About Adams Resources & Energy
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.
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