Adams Resources & Energy (NYSE:AE) Now Covered by Analysts at StockNews.com

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

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

Adams Resources & Energy Stock Down 0.1 %

Shares of AE stock opened at $37.20 on Thursday. The stock has a market cap of $95.98 million, a P/E ratio of -11.77 and a beta of 0.79. Adams Resources & Energy has a 52 week low of $22.30 and a 52 week high of $37.90. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $28.29 and its two-hundred day simple moving average is $26.67.

Adams Resources & Energy (NYSE:AE) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($1.76) EPS for the quarter, missing the consensus estimate of ($0.56) by ($1.20). The company 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 8.14% and a negative net margin of 0.29%. Analysts predict that Adams Resources & Energy will post -2.65 EPS for the current fiscal year.

Institutional Trading of Adams Resources & Energy

Several hedge funds have recently made changes to their positions in AE. Barclays PLC raised its position in shares of 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 in the last quarter. Bard Associates Inc. raised its position in shares of Adams Resources & Energy by 13.1% during the 3rd quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock valued at $336,000 after buying an additional 1,443 shares in the last quarter. Empowered Funds LLC raised its position in shares of Adams Resources & Energy by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after buying an additional 938 shares in the last quarter. Cerity Partners LLC raised its position in Adams Resources & Energy by 117.1% in the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after purchasing an additional 10,977 shares during the period. Finally, Wittenberg Investment Management Inc. raised its position in Adams Resources & Energy by 1.6% in the 3rd 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 period. 57.81% of the stock is currently owned by hedge funds and other institutional investors.

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.