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

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

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

Adams Resources & Energy Trading Up 0.3 %

NYSE:AE opened at $37.44 on Wednesday. The stock has a fifty day moving average price of $35.91 and a 200 day moving average price of $29.20. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. Adams Resources & Energy has a 12-month low of $22.30 and a 12-month high of $37.90. The firm has a market cap of $96.37 million, a PE ratio of -11.85 and a beta of 0.84.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Barclays PLC raised its stake in Adams Resources & Energy by 118.5% during the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after acquiring an additional 1,049 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Adams Resources & Energy by 8.3% during the third quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock worth $679,000 after purchasing an additional 1,916 shares during the last quarter. Wittenberg Investment Management Inc. increased its position in shares of Adams Resources & Energy by 1.6% during the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock worth $576,000 after purchasing an additional 339 shares in the last quarter. Round Hill Asset Management lifted its holdings in shares of Adams Resources & Energy by 71.6% in the 3rd quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock valued at $620,000 after purchasing an additional 9,587 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Adams Resources & Energy by 117.1% in 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. Institutional investors and hedge funds 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.