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

Research analysts at StockNews.com assumed coverage on shares of Adams Resources & Energy (NYSE:AE) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

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

Adams Resources & Energy Stock Performance

Adams Resources & Energy stock opened at $37.22 on Tuesday. The firm has a fifty day simple moving average of $34.22 and a two-hundred day simple moving average of $28.55. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. Adams Resources & Energy has a twelve month low of $22.30 and a twelve month high of $37.90. The company has a market capitalization of $95.80 million, a PE ratio of -11.78 and a beta of 0.87.

Adams Resources & Energy (NYSE:AE) last issued its 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). Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%. The firm had revenue of $695.16 million during the quarter, compared to analysts’ expectations of $649.00 million. Research analysts expect that Adams Resources & Energy will post -2.65 EPS for the current year.

Institutional Trading of Adams Resources & Energy

A number of institutional investors have recently made changes to their positions in AE. Barclays PLC grew 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 acquiring an additional 1,049 shares during the period. Geode Capital Management LLC lifted its position in Adams Resources & Energy by 8.3% during the third quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock valued at $679,000 after purchasing an additional 1,916 shares in the last quarter. Wittenberg Investment Management Inc. grew 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 purchasing an additional 339 shares during the period. Round Hill Asset Management increased its position 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, Cerity Partners LLC raised its stake in shares of Adams Resources & Energy by 117.1% in the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after buying an additional 10,977 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.