StockNews.com Begins Coverage on Adams Resources & Energy (NYSE:AE)

Stock analysts at StockNews.com started coverage on shares of Adams Resources & Energy (NYSE:AE) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

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

Adams Resources & Energy Trading Up 1.4 %

Shares of AE opened at $37.75 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. Adams Resources & Energy has a 52-week low of $22.30 and a 52-week high of $37.90. The firm has a market cap of $97.17 million, a price-to-earnings ratio of -11.95 and a beta of 0.87. The business’s fifty day moving average is $34.68 and its 200-day moving average is $28.70.

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 business had revenue of $695.16 million for the quarter, compared to analyst estimates of $649.00 million. Equities analysts anticipate that Adams Resources & Energy will post -2.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC increased its holdings 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 purchasing an additional 10,977 shares during the period. Round Hill Asset Management lifted its position in Adams Resources & Energy by 71.6% in the 3rd 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of Adams Resources & Energy by 8.3% during the 3rd 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 during the last quarter. Bard Associates Inc. boosted its position in Adams Resources & Energy by 13.1% during the third 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 during the period. Finally, Barclays PLC increased its stake in Adams Resources & Energy by 118.5% in the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after purchasing an additional 1,049 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.